'Allows us to grow': Einride secures $100m from EQT, IonQ – and mulls IPO despite headwinds

Einride, the Swedish startup best known for its electric autonomous trucks, has raised $100mn from new and existing investors, including EQT Ventures and an undisclosed US West Coast-based asset manager.

The round also incorporates an earlier strategic investment from US quantum computing firm IonQ aimed at exploring logistics optimisation.

IPO rumours

Einride is also preparing for an IPO listing on the New york stock exchange, which could come as early as this autumn, according to Swedish news outlet Breakit, citing a person close to the company.

Einride did not mention the IPO in their official communication. The company did not immediately respond to our request for comment.

Recent headwinds

The raise comes despite recent turbulence at the company, which cut staff in 2024 and has seen its headcount shrink by about 20% over the past year, according to Dealroom data.

Einride has also begun outsourcing parts of its design team in a bid to diversify revenues, Sifted recently reported.

'Continued trust'

The fresh capital will fund the scaling of its autonomous freight technology, expansion with customers in Europe, North America and the Middle East, and further development of its Saga logistics platform, the company said.

"I am excited and proud for the continued trust our investors have placed in us," said Roozbeh Charli, chief executive. "This funding allows us to grow with our customer base and accelerate the deployment of our autonomous freight technology."

Founded in 2016, Einride claims to operate one of the world’s largest heavy-duty electric truck fleets. It said net sales more than doubled in 2024, alongside expansions into Austria and the UAE.

The new round brings the company's total raised to $505m, according to Dealroom data.