Einride, the Sweden-founded developer of digital, electric and autonomous freight technology, plans to go public through a business combination with Legato Merger Corp. III (NYSEAMERICAN: LEGT), valuing the company at $1.8 billion and aiming for a New York Stock Exchange listing in the first half of 2026, according to the companies.
A spokesperson for Einride said: “Today, Einride, a leading technology company specializing in autonomous and electric freight operations, and Legato Merger Corp., a special purpose acquisition company (SPAC), announced their plans to go public through a SPAC deal and a $1.8 billion valuation, and be listed on NYSE.”
The spokesperson added: “Taking a dual Freight-Capacity-as-a-Service (FCaaS) and Software-as-a-Service (SaaS) approach through its EV/AV proprietary Saga platform, Einride has proven itself as a leader in a $4.6 trillion global road freight market, with 25+ enterprise customers and a fleet of approximately 200 electric vehicles, including scaling autonomous deployments.” [Read more…] about Einride to go public through SPAC with Legato at $1.8 billion valuation, targeting NYSE listing