Investment & Fund Management

Einride, a Swedish company specializing in autonomous electric vehicles for freight applications, faced significant challenges in transitioning the freight industry away from its heavy reliance on diesel fuel. The CEO, Robert Falck, recognized the environmental impact of diesel-fueled trucks, which dominate European roads, contributing to pollution and inefficiency. He aimed to create a sustainable alternative that could operate continuously and improve operational efficiency.

To address these challenges, Einride developed the 'Pod', an autonomous electric truck designed for various logistics environments such as ports and warehouses. The company sought funding to scale its operations and enhance its technology. In 2020, Einride secured an equity investment from Norrsken VC, facilitated by the European Investment Fund (EIF) under the EU’s Investment Plan for Europe. This financing was pivotal in transforming Einride from a concept into a fully operational business.

As a result of this investment, Einride has established the largest fleet of heavy-duty electric trucks in Europe and plans to deploy an additional 500 units within the next 18 months. The company has also achieved significant technological milestones, including setting a new speed record for unmanned heavy transport vehicles. By enabling its customers to ship goods with zero emissions, Einride is actively contributing to the reduction of CO2 emissions in the freight sector, demonstrating a viable path toward sustainable logistics solutions.