Aug 18 (Reuters) – Einride AB said it expects revenue growth rate to more than double in the second half of the year and announced a deal to add 500 Tesla Semi trucks to its fleet, sending its shares soaring 15% in premarket trading on Tuesday.
The Swedish freight technology company also reported its first results since going public in June.
• Einride said the Tesla partnership would triple its fleet size and lift revenue.
• The company expects its constant-currency revenue growth rate to more than double in the second half of 2026 as deployments ramp up in the U.S. and Europe.
• It said the Tesla deployment will be financed through third-party funding and is expected to increase its deployed fleet from about 250 vehicles to roughly 750.
• The deployment supports Einride’s efforts to convert about $800 million in potential long-term annual recurring revenue into active freight capacity, it added.
• First-half revenue rose 26% year-over-year on a constant-currency basis, driven by higher customer volumes and fleet deployments.
• But net loss widened to SEK 1.12 billion ($117.56 million), mainly due to one-time listing, recapitalization and share-based compensation charges linked to its Nasdaq debut.
• Einride, which listed on Nasdaq in June 2026 through a merger with SPAC Legato Merger Corp. III, develops electric and autonomous freight technology and operates trucking and logistics services in North America and Europe.
($1 = 9.5273 Swedish crowns)
(Reporting by Rashika Singh in Bengaluru and Marie Mannes in Stockholm; Editing by Vijay Kishore and Sahal Muhammed)
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