Today, Einride announced $500m of financing, consisting of a $200m Series C co-led by EQT Ventures (together with AMF) and a $300m debt facility led by Barclays Europe.

The equity part of the investment was done by a consortium of new and existing Investors, including leading Swedish pension fund AMF, EQT Ventures, Northzone, Polar Structure, Norrsken VC and Temasek. The equity contribution includes a $90M convertible note raised earlier this year.

This is only 3 years after we co-led their Series A together with Nordic Ninja in 2019.

To celebrate, here’s a picture of me and the driver of an Einride truck I encountered at a charging station in Manntorp in Sweden earlier this year.

I’m mega excited to see Einride accelerate the future of freight mobility.

Congrats to Robert, Linnea, Roozbeh, and the rest of the team at Einride. This is exactly the kind of bold innovation Europe needs.