24. Einride
The freight trucking market is a huge opportunity for both electric and autonomous vehicles, and it may be as big a part of the self-driving future as Waymos and Elon Musk's Tesla robotaxis.
Einride is a freight technology company that offers an AI-powered digital platform deploying electric and autonomous heavy-duty vehicles and charging infrastructure, serving Fortune 500 companies across the U.S., Europe, and in the United Arab Emirates.
Freight trucking in the U.S. and elsewhere is both carbon-intensive and inefficient, with less-than-full trucks contributing more than their fair share of pollution. Einride's technology and platform is designed to reduce those emissions at scale and prove electric freight is viable both technologically and economically.
PepsiCo is among the companies that has been piloting using of Einride freight solutions, in markets including Memphis, Tennessee, and in Germany. Heineken added EV freight routes between the Netherlands and Germany in 2024, and to Austria this year. Einride also has plans to deploy 300 electric trucks across Europe by 2030 with Mars.
In May of last year, Einride signed a deal with DP World to deploy the largest autonomous EV fleet in the Middle East, at the major UAE port, Jebel Ali, one of the world's largest shipping points.
Shippers are the customer, primarily in consumer goods, grocery retail, industrials and logistics. They pay a monthly fee for the Einride's platform, which includes software, access to electric and autonomous vehicles, charging infrastructure, and operational support.
The company doubled operations and revenue in 2024, while surpassing 20,000 fully autonomous shipments. While many of its deals to date are for EV and not autonomous technology, in the U.S. it marked a year of autonomous operations with GE Appliances in 2024, and began autonomous freight shipments with Swedish online pharmacy company Apotea, Europe's first daily autonomous freight trips.
The data it has been collecting from vehicles, shipments, chargers, and drivers, and putting into its AI tools, is helping customers cut charging costs and improve battery life, move more freight per truck, and reduce energy consumption.
It competes with autonomous trucking companies including Aurora Innovation and fellow Disruptor Waabi.
In May, the company announced a key change at the top, with founder and CEO Robert Falck moving into the post of executive chairman, and former CFO Roozbeh Charli becoming CEO, in charge of day-to-day decision making. Falck said his job is to now focus on long-term strategy, "including ensuring that Einride can go public when we find the time is right."
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