Einride, a global transport company, has announced its 22.7 million EUR Series A round for its Autonomous Electric Transport System. Many famous and renowned companies have shown their interest in this funding series by investing in the project with Einride. Besides Honda, Panasonic, Orman, and the Japan Bank of Investment, many other funding institutions like Ericson Ventures, Plum Alley Investments and Norrsken Foundation have also invested in this funding project.
About the Company
Robert Flack, along with Linnea Kornehead and Filip Lilja, founded Einride in 2016. Einride is a freight company that designs technologies for the transport system. Established in Stockholm, Sweden, the company produces sustainable transportation for both business and the environment.
The company’s products are low cost with maximum efficiency. Einride is producing next-generation and eco-friendly transportation solutions. The company is famous for its ground-up, remote-operated and fully autonomous vehicles. Einride uses a self-driving system to tackle the problem of heavy traffic. Its trucks are lighter in weight than usual trucks, but these lightweight trucks have operation capacity in tons.
Aims and Ambitions of the Company
Einride aims to spread its road map technology around the globe. The company is making the transportation system more reliable, sustainable, and systematic. Einride is using the latest technologies to make the freight system eco-friendly and efficient. It has created revolutions in the long-distance ground transportation market.
Its Autonomous Electric Transport system is a next level transportation solution that will help out in reducing the carbon dioxide emission. Einride’s ambition is to produce environmentally friendly and cost-effective vehicles to transform the whole system in a better and more positive way. Its self-driven and remote-operated trucks allow drivers to monitor and control more than one vehicle in difficult traffic situations.
‘Our ambition is to disrupt the transport industry and closing our Series A brings us one step closer to that goal. The funding will allow us to start expanding in the US, deliver on our technology road map and to meet rapidly increasing customer demand’, said Robert Falck, CEO and Founder of Einride.