The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Exoskeletons
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Markets
    • Agriculture
    • Healthcare
    • Logistics
    • Manufacturing
    • Mining
    • Security
  • Financial
    • Investments
    • Mergers & Acquisitions
    • Earnings
  • Resources
    • Careers
    • COVID-19
    • Digital Issues
    • Publications
      • Collaborative Robotics Trends
      • Robotics Business Review
    • RBR50 Winners 2022
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • Healthcare Robotics Engineering Forum
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
    • Leave a voicemail

Einride raises $110M to autonomous truck development

By Steve Crowe | May 6, 2021

Listen to this article
Voiced by Amazon Polly
Einride autonomous trucks

Swedish startup Einride develops autonomous trucks for freight transport. | Credit: Einride AB

Einride, a developer of electric, autonomous trucks, raised $110 million in Series B funding today. New investors Temasek, Soros Fund Management, Northzone, Maersk Growth and Build Capital led the round. Existing investors EQT Ventures, Plum Alley Investments, Norrsken VC, Ericsson and NordicNinja VC also participated. It should be noted that Moller-Maersk is the world’s largest shipper.

Einride said it will use the Series B funding to scale deployments with customers in Europe and the U.S. Founded in 2016, Einride also raised $10 million in 2020 and $25 million in 2019. It has raised a total of about $150 million.

Einride is developing two types of vehicles. The first are connected, electric heavy trucks driven by humans that are used by Coca-Cola, Oatly, Lidl and Electrolux. The other, and perhaps what the company is best known for, is the Einride Pod, an autonomous truck that doesn’t have a cab and can be remotely controlled.

The Einride Pod are available with different levels of autonomy, ranging from Autonomous Electric Transport (AET) 1-4. The AET-1 and 2 are available now, while Einride said the level 3 and 4 models will start shipping to customers in 2022-2023. Here is a quick break down of the different Einride Pods:

  • AET-1: Designed for ports, depots, warehouse facilities, and other closed areas with predetermined routes and schedules
  • AET-2: Designed for transport facilities with nearby delivery needs. This Pod traverses short routes on public roads between nearby destinations automatically.
  • AET-3: Designed for back roads and less crowded main routes
  • AET-4: Designed for high-speed operation on major roads and highways between shipping destinations

Einride CEO Robert Falck told Reuters that the company has between 10-20 vehicles and aims to use the funding to have 5-6 times as many operating, mostly in the United States. He declined to give a specific valuation for the company but said it is approaching $1 billion.

Autonomous trucks for freight transport continue to grow in popularity, while the self-driving car market continues to consolidate. These types of trucks require less mapping and should encounter fewer edge cases than robotaxis, for example.

TuSimple recently raised $1 billion in its IPO, while Plus in March extended its latest funding round to $400 million, raising its total amount of capital raised to about $620 million since it was founded in 2016. And Daimler AG unit Torc Robotics is preparing to test its autonomous trucks in New Mexico and Virginia.

Falck said Einride will have operations up and running in the U.S. before the end of 2021. It’s looking to locate its headquarters in Austin, Texas, with satelliteEinride autonomous trucks offices in New York and Silicon Valley,

About The Author

Steve Crowe

Steve Crowe is Editorial Director, Robotics, WTWH Media, and co-chair of the Robotics Summit & Expo. He joined WTWH Media in January 2018 after spending four-plus years as Managing Editor of Robotics Trends Media. He can be reached at [email protected]

Tell Us What You Think! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles Read More >

jaiabot
Jaia Robotics brings in over $1M in seed funding
impossible mining auv
Impossible Mining raises $10.1M for underwater mining robot
osaro robot picks items for customer order
OSARO automates Zenni fulfillment center
wingcopter 198 flying over ocean and islands
Wingcopter brings in $42M for delivery drones

2021 Robotics Handbook

The Robot Report Listing Database

Latest Robotics News

Robot Report Podcast

Brian Gerkey from Open Robotics discusses the development of ROS
See More >

Sponsored Content

  • Magnetic encoders support the stabilization control of a self-balancing two-wheeled robotic vehicle
  • How to best choose your AGV’s Wheel Drive provider
  • Meet Trey, the autonomous trailer (un)loading forklift
  • Kinova Robotics launches Link 6, the first Canadian industrial collaborative robot
  • Torque sensors help make human/robot collaborations safer for workers

RBR50 Innovation Awards

Leave us a voicemail

The Robot Report
  • Mobile Robot Guide
  • Collaborative Robotics Trends
  • Field Robotics Forum
  • Healthcare Robotics Engineering Forum
  • RoboBusiness Event
  • Robotics Business Review
  • Robotics Summit & Expo
  • About The Robot Report
  • Subscribe
  • Advertising
  • Contact Us

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Exoskeletons
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Markets
    • Agriculture
    • Healthcare
    • Logistics
    • Manufacturing
    • Mining
    • Security
  • Financial
    • Investments
    • Mergers & Acquisitions
    • Earnings
  • Resources
    • Careers
    • COVID-19
    • Digital Issues
    • Publications
      • Collaborative Robotics Trends
      • Robotics Business Review
    • RBR50 Winners 2022
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • Healthcare Robotics Engineering Forum
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
    • Leave a voicemail