Einride Files $1.35B Nasdaq Listing While Expanding Amazon EV Fleet

Swedish autonomous truck maker Einride has filed for a Nasdaq listing valued at $1.35 billion through a merger with special purpose acquisition company Legato Merger Corp. III. The company expects to complete its public debut around Q2 2026 and will raise approximately $333 million in gross proceeds. Key Details Einride announced Tuesday a major expansion of its Amazon partnership, deploying 75 electric heavy-duty trucks across five U.S. locations. The company now serves more than 30 enterprise customers across seven countries in North America, Europe and the Middle East. Financial Performance The company reported 2025 revenue of SEK 457.8 million, up from SEK 388.4 million in 2024, equivalent to approximately $49.7 million and $42.2 million respectively. Einride projects $92 million in expected annual recurring revenue from signed contracts, with over $800 million in potential long-term revenue through joint business plans with major customers. Why It Matters For owner-operators and fleet managers, Einride's expansion signals accelerating adoption of electric heavy-duty trucks in commercial logistics. The partnership with Amazon validates the company's technology and suggests growing market acceptance for autonomous and electric freight solutions across North America.