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A Swedish autonomous truck startup is in talks with banks regarding a potential IPO in the United States.
On March 19, Jin Shi Data reported that Swedish autonomous trucking startup Einride is in discussions with several banks about going public in the United States later this year, with the company’s valuation potentially exceeding $5 billion. Sources familiar with the company stated that, taking advantage of the strong interest in autonomous driving and artificial intelligence technologies, the company is also seeking to raise at least $200 million in a round of financing before the IPO.