Einride to add 500 Tesla Semis to its electric trucking fleet
Swedish electric trucking company Einride has agreed to buy 500 Tesla Semis, which will be phased into its fleet over the next two years and offered to customers including Amazon.
Swedish electric and autonomous trucking company Einride announced Tuesday it has struck a deal to purchase 500 Tesla Semi trucks. The vehicles will be added to its fleet in phases over the next 24 months, starting in September, and made available to customers such as Amazon.
Einride plans to operate the Tesla Semis through its Saga AI software, a fleet management platform that lets customers use electric trucks without the financial and logistical burden of owning them. Einride CEO Roozbeh Charli said the deployment demonstrates the company's ability to execute at the scale its customers demand.
Tesla first unveiled a Semi concept in 2017, but delivery to early customers like PepsiCo didn't begin until five years later, delayed by the pandemic and supply chain shortages. High-volume production only began this past April at Tesla's Nevada factory, and the company has since pulled back on its earlier pledge to reach full volume production in 2026, as it works to scale up battery output, including its 4680 cells.
Einride, which went public in June, currently runs about 200 of its own electric heavy-duty trucks for clients including Heineken and PepsiCo, and has also developed cab-less autonomous trucks. The new deal would triple the size of Einride's fleet and strengthen the case for its Saga AI platform.
According to the company, the Tesla Semis will operate across North America, extending its electric freight network to key corridors in California, Georgia, New Jersey and Texas. Einride is financing the purchase through a third party. The company said the deal could help convert roughly $800 million in potential long-term annual recurring revenue from joint business plans with shippers into actual revenue.
Founded a decade ago, Einride has been accelerating its expansion this year. It recently struck a deal with Amazon to add 75 electric trucks to the retailer's freight network along with charging infrastructure at five U.S. locations, and it also acquired EV charging company Flipturn.
