Sweden-based Einride bags €475.5M to accelerate deployment of sustainable freight mobility
Summary
Stockholm-based Einride, a freight technology company that provides digital, electric, and autonomous shipping, announced on Wednesday that it has raised $500M (approximately €475.5M) in a debt and Series C equity round of funding. The round consists of a debt facility of $300M led by Barclays Europe, which will include an initial facility roll-out of $150M starting in January 2023, to ensure long-term funding for Einride’s current and future electric, heavy-duty vehicle fleets.
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