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Enride Announces $500 Million Raise


Einride, an electric truck company, has announced that they have raised $500 million in equity and debt as it looks to expand its autonomous and electric trucks in the global markets, according to TechCrunch.

The equity-based $200 million Series C portion was from Northzone, EQT Ventures, Temasek, Swedish pension fund AMF, Polar Structure and Norrsken VC.

Einride has secured $300 million in debt funding led by Barclays Europe, and those funds will be utilized to boost their vehicle fleet as the company looks into expanding further into both new and existing markets within North America and Europe.

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