Swiss autonomous transportation startup, Einride, closed a $10m fundraising round, ahead of the release of its new vehicle. The round was led by Norrsken VC, with the fund also receiving a board set. EQT Ventures, Nordic Ninja VC and Ericsson Ventures also participated in the round.
- Einride is working on electric and autonomous vehicles dubbed “T-Pods,” which are designed to carry freight. The capital will be used to bring the pods to market. Four are currently being used on public roads today.
- The company plans to unveil a new vehicle on October 8. Not much is known yet about the project. Einride has said it's building the autonomous electric pod to replace conventional trucks and drivers.
- The funding brings Einride’s total raised to $42m.
A version of this story first appeared in Inside Transportation.