News Summary

Several notable startups are making significant headlines with their recent funding rounds and strategic expansions. Swedish electric and autonomous truck startup Einride plans to go public through a merger with a special purpose acquisition company (SPAC), valued at $1.8 billion pre-money equity. This comes just six weeks after raising $100 million from investors. The merger is anticipated to close in the first half of 2026, with Einride debuting on the New York Stock Exchange.

Gopuff, a rapid-delivery startup, raised $250 million in a funding round led by Eldridge Industries and Valor Equity Partners, among others. This funding values Gopuff at $8.5 billion, a notable decrease from its last valuation in 2021.

Los Angeles-based electric truck startup Harbinger secured $160 million in a Series C funding round co-led by FedEx, which also ordered 53 of Harbinger’s electric truck chassis.

Boston-based Teradar, which is developing a solid-state sensor, raised $150 million in a Series B funding round from several investors, including Capricorn Investment Group and Lockheed Martin’s venture arm.

Additional funding news includes Upway, an e-bike refurbishment startup, raising $60 million in a Series C funding round, and Vay, a German startup that remotely pilots rental cars, securing a $60 million investment from Singaporean tech giant Grab.