$ENRD

Einride AB (Nasdaq: ENRD) said it plans to deploy 500 Tesla Semi trucks on its Saga AI platform for Amazon and other North American customers, starting September 2026 over 24 months. The company says the move will triple its deployed electric truck fleet and convert about $800 million in potential long-term ARR into active freight capacity, financed via third-party solutions.

Einride AB (Nasdaq: ENRD) reported H1 2026 revenue of SEK 273 million ($27 million), up 26% year over year on a constant-currency basis. It expects H2 constant-currency revenue growth of 60% to 73% y/y. The company plans 75 electric heavy-duty trucks for Amazon and, after period end, partnered with Tesla Semi and DAF to expand autonomous electric freight.

Einride AB (Nasdaq:ENRD) shares rose over 27% premarket after it said it will partner with Tesla to deploy 500 Tesla Semi trucks across North America for Amazon and other customers. The phased rollout starts Sept. 2026 over 24 months, using Einride’s Saga AI and third-party financing, and is expected to expand its electric fleet threefold.

The newsletter covers Mintz legal and industry topics and summarizes energy and infrastructure deals. Key items include Array Technologies (NASDAQ: ARRY) buying Affordable Wire Management for about $203 million, MN8 Energy (NYSE: MNX) acquiring Greenbacker for $375 million, and EVgo Services (NASDAQ: EVGO) buying Stable Auto. It also notes litigation and regulatory updates in California on GHG reporting.

Einride AB (Nasdaq: ENRD) said it will report operating and financial results for the first half of 2026 ended June 30, 2026 on Aug. 18, 2026 before market open. The company will hold an earnings conference call and live webcast the same day to discuss results, with replay and materials posted on its Investor Relations site.

Einride AB (Nasdaq: ENRD) agreed to acquire Flipturn, Inc., an EV charging and energy management software provider, in an all-stock deal. The purchase price is $38.4 million, subject to adjustment, plus potential earnout shares. Flipturn adds 250+ MW of charging capacity and is expected to close in July 2026, pending approvals.

Einride AB (Nasdaq: ENRD) said it will appoint R. Lynn Atchison to its board, pending shareholder and regulatory approvals. The company noted she is a public-company board director and financial executive, currently serving on Bumble and Q2 Holdings boards. The move follows Einride’s Nasdaq listing earlier this month.

Dana Inc. will buy Eaton Mobility for $1.1 billion, combining Eaton’s transmissions, engines, emissions and electrification with Dana’s powertrain business; the expanded company is estimated to reach about $11 billion in sales in 2026. Mack and Volvo issued recalls warning nearly 800 trucks may have loose lug nuts. Einride AB completed a SPAC to list on Nasdaq (ENRD), with market cap about $1.32B. U.S. on-highway diesel averaged $5.06 (EIA).

Einride AB completed its SPAC merger with Legato Merger Corp. III and began trading on Nasdaq under ticker ENRD on June 10. The deal valued Einride at $1.8 billion initially, later cut to $1.35 billion. Shares rose to $14.99 on June 10 (about $2.2 billion market cap) before falling; by June 12 they closed at $9.39 (~$1.3 billion). Einride reported annualized revenue of about $92 million, up from $65 million, and said it has a pipeline worth over $800 million.

Einride AB began trading on Nasdaq on June 10, 2026, with American depository shares under ticker ENRD and warrants under ENRDW, according to the company. The Stockholm-based autonomous and electric freight technology firm said it has 30 global customers and a pipeline exceeding $800 million in opportunities, and it targets a $4.6 trillion total addressable market.