Swedish self-driving start-up Einride expands into U.S. market
Reuters
Published Nov 03, 2021 10:02AM ET
Updated Nov 03, 2021 12:55PM ET
By Nick Carey
LONDON (Reuters) - Swedish electric self-driving truck start-up Einride said on Wednesday it has launched operations in the U.S. market and signed up GE Appliances, Swedish vegan milk maker and Oatly (NASDAQ:OTLY) and tiremaker Bridgestone as customers.
The company has already started operating a fleet of 20 Einride Pods - its electric self-driving truck without a driver cabin - at the Louisville headquarters of GE Appliances, a unit of Chinese home appliance maker Haier, which includes a sprawling manufacturing complex.
Einride chief executive Robert Falck told Reuters for now the company's trucks would operate inside customers' facilities, which allows them to operate without the need for a backup human driver as they are on private property.
The company is working with U.S. regulators to "take this outside the fence and operate on public roads as well".
"There is huge potential for automation and electrification in the U.S. market and the next step for us scale up with our customers," he said.
The Swedish start-up has raised $150 million from investors, including a $110 million funding round announced in May.
Einride's European customers include Coca-Cola (NYSE:KO) Co and Electrolux.
Self-driving technology for freight trucks has attracted investor attention as it should be easier and cheaper to roll out than in self-driving cars and robotaxis, while providing a clearer path to profitability.
Self-driving freight services run on fixed routes between predefined points - mostly on major highways without intersections or pedestrians - requiring less mapping than shuttling customers between random points in robotaxis.
Einride also said it has hired its first remote truck driver who can take over control of the autonomous trucks in particular situations that require human interaction or human decision-making capabilities.
That first driver will be based in the United States.
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Written By: Reuters
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