Einride said Wednesday it plans to go public via a merger with a special purpose acquisition company, just six weeks after the Swedish electric and autonomous truck startup raised $100 million from investors. The SPAC merger with Legato Merger Corp. values Einride at $1.8 billion in pre-money equity, according to the companies.

The deal is expected to generate about $219 million in gross proceeds, a figure that doesn’t take into account any redemption of Legato’s public shares. The company is also seeking up to $100 million in private investment in public equity (PIPE) capital.

The merger is expected to close in the first half of 2026, with Einride making its debut on the New York Stock Exchange.

Einride was founded in 2016 with an ambition to transform the freight industry, first with

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