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Investing.com -- Swedish driverless truck startup Einride AB has raised approximately $100 million in a new funding round that values the company at more than $1 billion.
The valuation represents more than double the €400 million ($469 million) valuation from its 2021 funding round, according to Bloomberg, citing person familiar with the matter.
The funding round announced Wednesday includes a mix of existing and new investors, including EQT Ventures and an unnamed global asset management company based on the US west coast. Quantum computing company IonQ Inc. also provided a strategic investment.
Einride said the new capital will fuel its next growth phase as it scales deployment of autonomous freight solutions, enhances technology development, and continues expansion with customers.
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