Einride Raises $113mln in Oversubscribed PIPE Financing for Autonomous Freight Operations.

Einride, a technology company driving the transition to cost-efficient electric and autonomous freight operations, has secured an oversubscribed PIPE financing of approximately $113 million gross proceeds in support of its proposed business combination with Legato Merger Corp. III. The financing was committed by new and existing investors, including a global asset management company and Stockholm-based EQT Ventures. Proceeds will support Einride's technology roadmap and global expansion, including autonomous deployments across North America, Europe, and the Middle East.