Einride AB commenced trading on the Nasdaq Global Market on June 10, with its American depository shares trading under the ticker symbol "ENRD" and warrants trading on the Nasdaq Capital Market under "ENRDW".

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

The company serves 30 global customers across consumer goods, food, and industrial sectors. Einride reports having a pipeline exceeding $800 million in opportunities through its Joint Business Plans and targets what it describes as a $4.6 trillion total addressable market.

"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.

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

The company went public through a merger with Legato Merger Corp. III. TD Cowen served as lead financial advisor, while TD Cowen and BTIG, LLC acted as placement agents.

Einride operates across North America, Europe, and the Middle East. The company's fleet includes electric heavy-duty vehicles integrated with autonomous technology capabilities.