Swedish self-driving truck start-up Einride raises more cash

  • 📰 staronline
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 75%

Nigeria Nigeria Headlines News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The company's business is based on self-driving technology for freight trucks, which has attracted investor attention in recent years.

A $300 million debt facility was signed with Barclays Europe, while $200 million in equity came from new and existing investors, including EQT and Northzone, Einride said in a statement.

Some fast-growing tech companies have struggled to raise funds this year while others, such as Swedish payments firm Klarna Bank, have attracted investors by giving deep discounts compared to earlier valuations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines