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Einride to go public via SPAC merger with Legato Merger Corp. III, valued at $1.8 billion.
ByAinvest
Wednesday, Nov 12, 2025 6:55 pm ET1min read
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.
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