Swedish freight technology company Einride announced it has secured $500 million in financing, which should help it bring its updated self-driving electric truck to market as part of its freight mobility ecosystem.
The debt facility was led by Barclays Europe, while the equity funding round included investors like Swedish pension fund AMF, EQT Ventures, Northzone, Polar Structure, Norrsken VC and Temasek, among other leading companies. The equity contribution includes a $90 million convertible note raised earlier this year.
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Flop. Why even try