Einride announced plans on Nov. 12 to become a publicly traded company as part of a merger with Legato Merger Corp III valued at $1.8 billion. Einride is a Swedish-based provider of self-driving and battery-electric trucks. It was founded in 2016 and entered the U.S. market in 2021.

“Today marks a defining moment for Einride and for the future of freight technology,” said Roozbeh Charli, CEO of Einride. “We’ve proven the technology, built trust with global customers, and shown that autonomous and electric operations are not just possible, but better.”

Einride runs its U.S. operations out of Austin, Texas. The merger is expected to be completed in the first half of 2026, and the company will then begin trading on the New York Stock Exchange. 

Einride has more than 25 customers across seven countries, including GE Appliances. It has logged more than 1,700 driverless hours in contracted customer operations, more than 11 million electric miles driven, and more than 350,000 executed shipments.

The autonomous vehicles are built from the ground up for self-driving. Einride, whose systems process more than 5.2 million data points per second, was the first company to receive permits for cabless, heavy-duty autonomous vehicle operations on public roads.

Kodiak says 10 driverless trucks now deployed

The same day as Einride’s merger announcement, Kodiak AI issued its first public quarterly report since it was listed on the Nasdaq stock exchange in September. 

Kodiak said it generated $770,000 in third-quarter sales and has 10 driverless trucks deployed. Its Kodiak Driver system accumulated over 5,200 cumulative hours of paid driverless operations, representing a 166% increase from the second quarter.

Don Burnette, founder and CEO, said the company remains on track to deploy 100 driverless trucks to Atlas Energy Solutions. “We have also made meaningful progress toward closing our longhaul safety case, and anticipate launching long-haul driverless operations in the second half of 2026,” he said.

For the quarter, Kodiak reported an adjusted loss of about $34 million, excluding one-time charges related to the merger deal. “We are focused on growing our driver-as-a-service revenue with our longhaul, industrial, and defense customers to build a durable, recurring, high-margin business,” said Surajit Datta, Kodiak’s chief financial officer.

During the quarter, Kodiak expanded a partnership with ZF to supply 100 advanced steering systems with redundant components for integration into Kodiak Driver-powered trucks. Kodiak also shared the positive safety results of its autonomous platform in a safety evaluation by Nauto.

Kodiak, Aurora receive FMCSA waiver on warning beacons 

In its press release, Kodiak confirmed it had been granted a waiver from the Federal Motor Carrier Safety Administration to use “warning beacons” in place of physical warning triangles behind disabled trucks in certain situations.

Autonomous trucking company Aurora was the first to receive approval last month to use the cab-mounted warning beacons as an alternative to traditional reflective triangles. The beacons indicate when a vehicle is stopped on the side of the road, and eliminates the need for a physical driver to be present. 

The limited waiver for these companies expires on Jan. 9, but they can seek an extension. The approval comes after a similar request was denied in December 2024, which led Aurora to file a lawsuit earlier this year.

During the third quarter, Aurora announced it had surpassed 100,000 driverless miles (160,000 km) on public roads and is now deploying its trucks on a second lane between Fort Worth and El Paso, Texas.