Core Insights - Einride plans to go public through a merger with Legato Merger Corp. III, valuing the company at $1.8 billion in pre-money equity and expected to generate approximately $219 million in gross proceeds [1][4] Company Overview - Founded in 2016 and headquartered in Stockholm, Einride is a pioneer in the freight technology sector, operating in seven countries and being the first globally to receive permits for cabless heavy-duty autonomous vehicle operations on public roads [2] - The company has maintained zero traffic incidents across all operations since its inception [2] Business Operations - Einride serves over 25 enterprise customers and manages a fleet of approximately 200 electric vehicles, with advanced autonomous deployments for clients such as GE Appliances and Apotea [3] - The company operates on a dual business model, offering Freight-Capacity-as-a-Service (FCaaS) and Software-as-a-Service (SaaS) powered by its proprietary AI platform [5] Financial Metrics - Einride has a contracted Annual Recurring Revenue (ARR) base of $65 million and over $800 million in potential long-term ARR through joint business plans with customers [6] - Existing shareholders are expected to own approximately 83% of the pro forma equity after the transaction closes, assuming a planned $100 million PIPE investment [4] Future Plans - The transaction is expected to close in the first half of 2026, subject to customary closing conditions and regulatory approvals [4] - Einride is deepening its commitment to the U.S. market, which is its second-largest, with plans to expand its American footprint [6]