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Einride AB, a technology company driving the transition to electric and autonomous freight operations for some of the world's largest shippers ("Einride" or the "Company"), today announced the appointment of Anubhav Verma as Chief Financial Officer in preparation for the Company's planned public listing on the New York Stock Exchange via its proposed business combination with Legato Merger Corp. III (NYSEAMERICAN: LEGT), a special purpose acquisition company ("Legato").
Verma, whose appointment will become effective in January 2026, brings over 16 years of global experience in capital markets, mergers and acquisitions, and strategic finance. Most recently, he served as CFO of LiDAR technology company MicroVision (NASDAQ:MVIS) for four years. During this tenure, he led the expansion of MicroVision's deep tech software capabilities across U.S. and EU markets, successfully broadening the company's reach across the automotive, industrial, and defense tech sectors, while scaling manufacturing operations to support commercial growth. Previously, he held senior finance roles at Exela Technologies, including leading a $2.8 billion SPAC reverse merger, and began his career in investment banking at Credit Suisse.
"Anubhav's experience in leading a multi-billion dollar SPAC combination and cross-border expansion in automotive and industrial sectors directly aligns with our growth strategy as we prepare to make our public market debut," said Roozbeh Charli, CEO of Einride. "As freight operators worldwide recognize the advantages of electric and autonomous solutions, his leadership will be instrumental in positioning Einride to capture this market shift."
Einride is a leading technology platform positioning to capture significant market share in the $4.6 trillion global road freight market's transition to electric and autonomous operations. The Company has established proven commercial traction with over 25 enterprise customers across seven countries, including a strong base in the United States, its second largest market. This includes a contracted ARR base of $65 million and over $800 million in potential long-term ARR through Joint Business Plans with blue-chip clients.
"Einride has built a remarkable foundation of technology, talent, and global momentum. As the Company prepares for a public listing, my focus will be to drive financially disciplined growth and rapidly scale operations globally to become the leading player in the multi-trillion dollar freight and logistics industry and establish long-term enterprise partnerships especially in the U.S. markets," said Anubhav Verma.
Einride has received industry-first regulatory permits for autonomous vehicle operations across the U.S. and Europe, maintains a zero traffic incident safety record, and has developed proprietary AI-powered technology that enables cost-effective freight solutions through its comprehensive platform. The business combination with Legato, which is expected to close in the first half of 2026, values Einride at a $1.8 billion pre-money equity valuation and equips the Company to scale its dual Freight-Capacity-as-a-Service (FCaaS) and Software-as-a-Service (SaaS) approach through its AI-powered platform.
Posted In: MVIS
