Einride, Legato Merger Corp. III Announce $113mln Oversubscribed Capital Raise.

Einride, a technology company, and Legato Merger Corp. III, a special purpose acquisition company, have announced an oversubscribed PIPE financing of approximately $113 million in support of their proposed business combination. The financing was committed by new and existing investors, including a global asset management company based on the West Coast. The transaction aims to drive the transition to cost-efficient electric and autonomous freight operations for large shippers.