Einride and Legato Submit Draft Registration Statement for $220 Million Merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 15 2025
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Source: Newsfilter
- Funding Plan: Einride's merger with Legato is expected to generate approximately $220 million in gross proceeds, which will support Einride's technology roadmap and global expansion, particularly in autonomous deployments across North America, Europe, and the Middle East.
- Market Performance: Einride has demonstrated strong commercial traction across multiple markets, achieving over 1,700 hours of driverless operations and over 11 million electric miles driven, with an expected $65 million in annual recurring revenue (ARR) from contracts with blue-chip customers, underscoring its leadership in electric and autonomous freight.
- Future Potential: With over $800 million in potential long-term ARR within Joint Business Plans, Einride is well-positioned for continued expansion, indicating significant long-term growth potential in the electric freight market.
- Leadership Enhancement: The recent appointment of Anubhav Verma as Chief Financial Officer strengthens Einride's leadership team in preparation for becoming a public company, reflecting the company's commitment to strategic planning and future development.
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About LEGT
Legato Merger Corp. III is a blank check company. The Company is formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The Company intend to focus on target businesses in the infrastructure, engineering and construction, industrial and renewables industries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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