Norrsken, EQT Ventures et al. in $10m round for Einride

The capital raise comes a year after the startup raised $25m in a series-A round, and brings the total amount it has raised to $42m.

The company told Venture Beat that the funding will be enough to see it to next year, when it will seek a larger investment.

Previous funding
In November 2017, Einride raised €2.2m in seed funding from angel investors. In July 2018, this was followed by another seed funding of €3.5m from undisclosed investors, according to Crunchbase. 

In October 2019, EQT Ventures and NordicNinja VC co-led a $25m series-A funding round for the company, alongside Ericsson Ventures, the Norrsek Foundation, Plum Alley Investments and Plug and Play Ventures. 

Company
Founded in 2016 and based in Stockholm, Einride has developed an autonomous electric transport system for freight shippers and carriers. It counts Lidl, DB Schenker and Oatly among its customers. The company employs 51-200 staff, according to LinkedIn.

People
Einride – Robert Falck (CEO).

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• Topics
• Early-stage
• Nordics
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• EQT Ventures