Einride to go public via SPAC merger with Legato Merger Corp. III, valued at $1.8 billion.

Einride, a Swedish-based electric and self-driving vehicle company, is set to go public through a merger with Legato Merger Corp. III, valuing it at $1.8 billion. The transaction is expected to provide $219 million in gross proceeds and will maintain existing shareholders' ownership at around 83%. Einride serves over 25 enterprise customers and has a fleet of 200 electric vehicles. The company plans to expand globally and deepen its commitment to the US market.