EQT Ventures

The business combination further strengthens Einride’s unique positioning to lead the transition to autonomous freight operations in a $4.6 trillion global road freight market.Sweden-based Einride has proven commercial traction with over 25 customers, including several blue-chips, across seven countries, and has developed industry-leading autonomous vehicle technology with regulatory permits across the United States and Europe.The growth platform includes a contracted Annual Recurring Revenue ('ARR”) base of $65 million and over $800 million in potential long-term ARR through Joint Business Plans with customers, providing a clear pathway for revenue scaling.Einride's dual EV/AV platform and proprietary AI technology platform provide the operational foundation for scaling electric and autonomous freight operations with notable customers.The transaction is expected to provide approximately $219 million in gross proceeds before accounting for potential redemptions, transaction expenses and any further financing. Additionally, the Company is seeking up to $100 million in PIPE capital1.The transaction is further supported by $100 million in crossover capital raised by Einride during 2025 from existing and new institutional investors including a global asset management company based on the West Coast of the United States, EQT Ventures, and NordicNinja.The transaction values Einride at $1.8 billion in pre-money equity value and is expected to result in Einride becoming a publicly listed company on the NYSE. STOCKHOLM, Sweden and NEW YORK, May 27, 2026 (GLOBE NEWSWIRE) -- Einride AB ('Einride' or the 'Company”), a technology company driving the transition to electric and autonomous freight operations for some of the world's largest shippers, and Legato Merger Corp. III (NYSEAMERICAN: LEGT) ('Legato'), a special purpose acquisition company, announced today that they have entered into a definitive business combination agreement for a proposed business combination (the 'Transaction') that would result in Einride becoming a NYSE-listed public company.

Led by Benchmark and EQT Ventures, the fundraise underscores surging investor appetite for space infrastructure bets as massive AI computing ‌requirements strain ⁠terrestrial ⁠energy grids and data center capacity, even as space-based systems offer access to near-continuous ​solar power.

German AI startup Parloa just pulled off one of the fastest valuation jumps in Europe’s AI scene. The eight-year-old company has raised $350 million in a Series D round, tripling its valuation to $3 billion in less than a year. General Catalyst led the deal, with backing from existing investors EQT Ventures, Altimeter Capital, and