Einride AB (NASDAQ: ENRD) commenced trading on the Nasdaq Global Market, with its American depository shares trading under ticker "ENRD" and warrants under "ENRDW" on the Nasdaq Capital Market.

The Stockholm-based freight technology company, founded in 2016, focuses on electric and autonomous transportation solutions. Einride leadership rang the Nasdaq Opening Bell at MarketSite in Times Square to mark the public market debut.

The company operates through two business models: Freight-Capacity-as-a-Service, providing autonomous and electric shipping solutions, and Software-as-a-Service, licensing its technology to third-party operators, original equipment manufacturers, and defense organizations. Einride's technology platform, called Saga, integrates vehicle data, charging infrastructure, routing, and demand information.

Einride reports a customer portfolio of 30 global clients across consumer goods, food, and industrial sectors. The company states it has a pipeline exceeding $800 million in opportunities through Joint Business Plans.

"Over the past decade, Einride has built the technology and the customer base to lead the transition to autonomous and electric freight," said Roozbeh Charli, Chief Executive Officer.

The company went public through a merger with Legato Merger Corp. III. TD Cowen served as lead financial advisor, while TD Cowen and BTIG acted as placement agents. DLA Piper provided legal counsel to Einride.

Einride operates across North America, Europe, and the Middle East, according to the company statement.