Listed on Nasdaq (ENRD) since June 10, 2026 after merging with the SPAC Legato Merger Corp. III; bought EV-charging software firm Flipturn in July 2026; Roozbeh Charli CEO
Live · ENRD· NasdaqGM
as of 2026-10-23
$2.43▼ 0.41% today
≈ $346 Million market cap · −83.5% from peak
The rise & fall
10 moments · 2016–2026
The key moments, with employee sentiment along the way.
Feb 2016
🌱
Feb 2016
Founded in Stockholm
Robert Falck, Linnéa Kornehed Falck and Filip Lilja set out to build electric, autonomous road freight.
Bloomberg, citing a person familiar, reports a valuation of more than $1B, more than double 2021's €400M. EQT Ventures invests and IonQ joins; Einride declines to comment.
Glassdoor ratings slid from about 4.5 stars in 2021-22 to under 3 in 2024-25; reviewers praised colleagues but faulted leadership and shifting strategy, and several described layoffs.
Jun 10 ’26
📈
Jun 10 ’26
The peak: Nasdaq debut closes near $2.1B$2.1B
After the Legato Merger Corp. III deal at about $1.35B pre-money (down from $1.8B), shares more than double intraday, trading is briefly halted, and the day ends at about $2.1B.
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Einride, founded in Stockholm in 2016 by Robert Falck, Linnéa Kornehed Falck and Filip Lilja, runs electric freight trucks for shippers and develops cab-less autonomous trucks. Its last private round, about $100M in October 2025, valued it at more than $1B, Bloomberg reported, citing a person familiar with the matter.
Einride listed on Nasdaq on June 10, 2026 by merging with the SPAC Legato Merger Corp. III at a pre-money equity value of about $1.35B, down from $1.8B when the deal was announced. The shares more than doubled at one point on the first day and closed at a market value of about $2.1B.
They slid within weeks, and the market value has stayed below $1B since July 9, 2026. Former finance chief Roozbeh Charli has led it since 2025.
Source: TechCrunch (Dec 7, 2022): $500M package ($200M Series C equity, $300M debt led by Barclays), valuation not disclosed. TT News/Bloomberg (Oct 2, 2025): about $100M round at more than $1B, per a person familiar (single source; Einride declined to comment). TechCrunch (Oct 1, 2025): co-founder Robert Falck became executive chairman about five months earlier; CFO Roozbeh Charli named CEO. Einride 6-K (June 9, 2026): Legato Merger Corp. III combination closed, $113M PIPE, pre-money equity value about $1.35B, trading from June 10. TT News (June 10, 2026): down from $1.8B at the November 2025 announcement. electrive (June 11, 2026): shares rose more than 100% intraday with a trading halt. stockanalysis.com: $2.10B at the June 10 close; $991M on July 9 and below since; $357.9M at the Oct 21, 2026 close. Einride 6-K (July 21, 2026): Flipturn bought for $38.4M in ADSs.
