Mentioned:
There’s a new autonomous vehicle company on the Nasdaq. And they’re coming after the opportunity in commercial trucking.
What’s happening:
- Swedish autonomous vehicle company Einride (NASDAQ: ENRD) has successfully completed their business combination with Legato Merger Corp III and begun trading on the Nasdaq
Why it matters:
- Einride is one of the most advanced autonomous driving companies in Europe focused on electric heavy duty freight vehicles and has multiple notable customers including GE Appliances, PepsiCo, Heineken and Bridgestone
Going deeper:
- Einride successfully raised $113M USD in an equity financing round concurrently with their SPAC transaction with Legato Merger Corp III
- The National Highway Traffic Safety Administration previously made waves when they granted Einride an approval to operate their autonomous electric trucks on public roads in Austin, Texas
The intrigue:
- IonQ (NYSE: IONQ) has an existing technology collaboration with Einride to develop quantum applications for large scale logistics optimization, scheduling and routing and also is a strategic investor in the company
