The funding includes debt financing and equity contributions to help Einride continue to scale its technology.
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…
Einride said NVIDIA’s Orin processors will help make the next generation of its autonomous Pods for freight transport safer and more functional.
Pär-Olof Johannesson, CEO of TerraNet AB, offers his perspective on how the U.S. presidential election will affect the development of autonomous and electric vehicles worldwide, as well as relations with China.
Einride said that businesses worldwide can pre-order its Autonomous Electric Transport, or AET vehicles, the next generation of its semi-autonomous Pods.
Swedish self-driving truck provider Einride said its Einride Pods are already generating revenue and its Mobility Platform is optimized for electric and autonomous fleets.
Einride’s Intelligent Freight Mobility Platform includes a portal for shippers and an app for drivers to improve fleet management and demonstrate sustainability for electric and autonomous trucks.
Sweden-based Einride plans to show how one operator could control of multiple electric vehicles, which it said could transform shipping networks in terms of cost, efficiency, and connectivty.
Einride is hiring truck drivers to be the first remote operators of its autonomous pods, which will begin commercial service in the U.S. and Sweden later this year.
Investment into robotics and intelligent systems companies for July 2018 was robust, totaling approximately $1.6B worldwide from 34 investments into the same number of companies. In June 2018, 27 robotics startups raised $2.1 billion. The bulk of the July 2018 investments were made into companies developing software and hardware technologies and products, along with services…