Self-driving truck firm Einride to go public via SPAC deal at $1.8 billion valuation

By Zaheer Kachwala and Marie Mannes (Reuters) -Swedish autonomous trucking company Einride said on Wednesday it has agreed to go public in ​the U.S. through a merger with blank-check firm Legato ‌Merger Corp III in a deal valuing the company at $1.8 billion. The listing comes after a wave ‌of electric-vehicle startups went public during the pandemic-era SPAC boom with the aim of capitalizing on the huge demand for clean-energy vehicles and government incentives for the purchase of battery-powered cars. ...