News Summary

Swedish self-driving truck startup Einride has announced plans to go public through a merger with Legato Merger Corp., a special purpose acquisition company (SPAC). Valued at $1.8 billion in pre-money equity, the merger is expected to close in the first half of 2026 and aims to generate about $219 million in gross proceeds. Einride, founded in 2016, focuses on electric and autonomous freight technology and currently operates in Europe, North America, and the UAE. With a recent $100 million fundraising round and a reported annual recurring revenue of $45 million, Einride seeks to expand its operations and accelerate the deployment of its autonomous freight technology. The company joins other autonomous vehicle startups like Aurora and Kodiak AI in pursuing SPAC mergers to secure additional funding.