ANTCO. Investment Group AB has agreed to acquire a 0.005% stake in Einride AB for approximately 2.6 million SEK, aligning with its strategy to invest in innovative growth companies in the electric mobility sector.
Target Information
Einride AB, headquartered in Stockholm, Sweden, is an innovative transport company specializing in electric and autonomous vehicles, notably the "Einride pods." These pods are electric trucks that are remotely operated by drivers. In addition to its pod development, Einride has created a mobility platform that analyzes transportation networks for opportunities to integrate electric and autonomous vehicles, providing implementation recommendations.
The company has formed significant partnerships, including an agreement with General Electric (GE) Appliances to deploy the first fleet of autonomous electric trucks. Einride has also secured multiple orders for its pods and maintains collaborations with renowned global players such as A.P. Moller-Maersk and Bridgestone. In 2021, Einride reported revenues of approximately 58 million SEK.
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Industry Overview in Sweden
Sweden is recognized as a leader in the electric and autonomous vehicle sector, driven by increasing governmental support for sustainable transportation. The Swedish government has implemented various policies to promote electric mobility,
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Disclosed details
Transaction Size: $0M
Revenue: $6M