Autonomous and electric freight company Einride plans to purchase 500 Tesla Semi trucks over the next 24 months and operate them through its Saga AI fleet intelligence platform. The companies say the deal would be the largest deployment of its kind to date.
The leaders of Einride, headquartered in Stockholm and listed on Nasdaq in June, noted that the Tesla Semis will serve Amazon and other enterprise customers in freight corridors across California, Georgia, Illinois, New Jersey, and Texas. If completed as planned, the 500 trucks would more than triple Einride’s current fleet operating on Saga AI, which has overseen more than 19 million miles.
Einride will finance the trucks through a four-year asset-backed loan with an effective interest rate of about 14%, according to CFO Anubhav Verma. The company expects the additional trucks, along with expanded operations at five Amazon locations, to increase its annual revenue run rate to about $90 million entering 2027, compared with a first-half pace of about $54 million.
CEO Roozbeh Charli said the trucks’ capacity and specifications will allow the fleet to expand into additional freight lanes and longer-distance applications. The company also expects its fleet to reach 1,500 to 2,000 trucks by 2028, when it is targeting a break-even cash flow.
The Tesla announcement follows Einride’s recent partnership with Paccar’s DAF Trucks to bring Einride’s Driver autonomous driving hardware and software to DAF vehicles in Europe. Testing is planned for later this year, with DAF trucks expected to begin operating on the Einride Driver stack next year.
