, global venture funding declined 34% from the second to third quarters this year to $74.5 billion—the largest quarterly drop in a decade.
He stresses VC investors' confidence in Einride is in large part based on the Swedish company's resistance to hype in favor of under-promising and over-performing. Indeed, an executive at the bank providing the $300 million debt facility said its willingness to back Einride is based on confidence in the company's technology, environmental philosophy and management.
The Einride autonomous electric transport called a Pod, operates without a driver and does not even have a space for one. It is monitored by a specially-trained remote driver who can take control if necessary. Einride Saga is its platform for managing electric and autonomous fleets, charging infrastructure and connectivity networks.
The design though