The Stockholm-based company is manufacturing electric trucks that it hopes will one day hit the roads as fully autonomous vehicles. Some of its clients include Lidl and Oatly, which use the trucks for part of their logistics.
It said the new funds will be invested in its Einride Pods, a driverless vehicle that operates either autonomously or by a remote operation centre. The Pod has been tested at closed facilities and on select public roads since 2019.
“We have a unique opportunity to make transport both exponentially safer and more sustainable,” he said. “It’s something the vast majority of us want, but many are unsure of how to get there and resort to half-measures. We expect to see the autonomous transport industry expand exponentially in the coming years, especially in the wake of a global pandemic.”
The company added that that fully-electric logistics will aid in reducing emissions among the logistics and road transport industry.
Norrsken VC’s Niklas Adalberth, a Klarna co-founder, will be joining Einride’s advisory board as part of this latest investment.
Blogroll illustration: Li-Anne Dias