Einride AB · NASDAQ:ENRD
Einride AB — SPAC Merger (November 2025)
35 slides from Einride AB's SPAC merger presentation, Nov 12, 2025
Slide 1: The next step in the evolution of road freight
The n e xt s t ep in t he e v olution of r oad f r eight. EINRIDE 2025 SWEDEN
Slide 2: Disclaimer (1/3)
Disclaimer (1/3) Disclaimers and O t her Impo r tant In f ormation This p r esentation, including a n y accompa n ying oral p r esentation ( this “P r esentation”), has been p r epa r ed solely f or in f ormational purposes in connection wi t h a po t ential business combination ( t he “P r oposed B
Slide 3: Disclaimer (2/3) Forward-Looking Statements
Disclaimer (2/3) F or wa r d - Looking Sta t emen t s This P r esentation contains cer tain f or wa r d - looking sta t emen t s wi t hin t he meaning of t he U .S. f ederal securities laws wi t h r espect t o t he Pa r ties and t he P r oposed Business Combination, including e xpectations, hopes, b
Slide 4: Disclaimer (3/3) Industry and Market Data
Disclaimer (3/3) Industr y and Mar k et Data This P r esentation has been p r epa r ed b y t he Pa r ties and t heir R ep r esentati v es and includes mar k et data and o ther statistical in f ormation f r om t hi r d - par ty indust r y publications and sou r ces as w ell as f r om r esea r ch r ep
Slide 5: Today's presenters
T od a y ʼ s p r esen t ers R oozbeh Charli Chief E x ecuti v e Officer Henrik G r een Chief T echnology Officer & Gene r al Manager Einride Aut onomous Eric R osen feld Chief S P A C Officer - Lega t o Me r ger Corp. III
Slide 6: Einride at a glance
No t es: Data as of June 2025 unless other wise no t ed. (1) As of August 202 5 . Includes app r o xima t ely $100M in c r oss - o v er financing f r om e xisting and n ew institutional i n v es tors in connection wit h t he con t empla t ed S P A C transaction. Includes subo r dina t ed co n v e r
Slide 7: Proprietary AI powered technology platform driving cost savings for freight solutions
P r oprieta r y AI p o w e r ed technology plat f orm driving cost s a vings f or f r eight solutions
Slide 8: At the forefront of disrupting a massive but inefficient legacy system
No t es: (1) Statista: Si z e of t he global logistics indust r y , Fr eightw a v es: trucking accounting f or 43% of t he sec t o r ʼ s total annual r e v enue. (2) Eu r ostat & American T rucking Association. (3) American T rucking Association & Mc K ins e y . (4) Utilization as a function of fill
Slide 9: A turnkey operation addressing customer needs
A turn k e y ope r ation add r essing cus t omer needs F ully - managed, electrified, au t onomous - r eady f r eight m o v ement ser vice at competiti v e prices Ope rational planning softwa r e Electric v ehicles and dri v ers Operational planning softwa r e all o wing f or efficient depl o yment
Slide 10: The Einride cab-less autonomous truck
The Einride cab - less au t onomous truck Au t ono m y has arri v ed – wi t h ~ 300 FTEs, of which ~100 engineers a r e dedica t ed t o Einride's au t onomous operation, t he Compa n y has one of t he most ad v anced of f erings in t he mar k et No t es: As per June 2025 (1) P er management kn o wle
Slide 11: Targeting different use cases and customers for autonomous freight
T a r geting dif f e r ent use cases and cus t omers f or au t onomous f r eight Long - haul Hub - t o - Hub T erminal - t o - Hub Sho r t - haul Fac to r y - t o - W a r ehouse W a r ehouse - to - Hub T erminal - t o - T erminal Einride Dri v er Plat f orm / Saga V ehicle agnostic au t onomous dri
Slide 12: Technology strategy builds on purpose-built cab-less autonomous trucks
T echnology st r a t egy builds on purpose - built cab - less au t onomous trucks combined wit h p r oprieta r y Einride Dri v er Einride Dri v er Cont r ol T ow er F ully agnostic t o v ehicles, use cases, and sec t ors Cab - Less Au t onomous T rucks Einride Au t onomousʼ P r oduct O v e r vi e w
Slide 13: Einride's autonomous machine learning stack covers end-to-end AD functionalities
Einride ʼ s au t onomous machine learning stack c o v ers end - t o - end AD functionalities No t e: (1) Cur r ent ly under d e v elopment. (2) ODD = Operational design domain Of f ering consis t ent pe r f ormance ac r oss ODDs (2) , coupled wi t h speciali z ed ODD - class models t o ensu r e f as
Slide 14: Top tier safety standards resulting in zero traffic incidents
T op tier sa f ety standa r ds r esulting in z e r o t r affic inciden t s and deli v ering st r ong r egula t or y pa r tnerships No t es: (1) T o t he best of Managemen t ʼ s kn o wledge (2) Engagemen t s include sa f ety v alidation, t echnical in t egration, and infrastructu r e coo r dination S
Slide 15: Existing customers present enormous growth opportunity
Existing cus t omers p r esent enormous g r o w t h oppo r tunity No t es: Data as of June 2025 unless other wise no t ed. (1) Adjus t ed annuali z ed mont hly a v erage Q2ʼ25 USD - equi v alent r e v enue f r om operational cus t omer contrac t s, based on unaudi t ed financial per f ormance. (2) R
Slide 16: Customer case study
Cus t omer case study: No t es: Data as of June 2025 unless other wise no t ed. (1) JBPs a r e non - binding r oadmaps joint ly d e v eloped wit h Einride's cus t omers f or fu rt her electrification of t heir r oad transpo r t operations o v er a futu r e period of time. P o t ential ARR is calcula
Slide 17: The Saga platform: unlocking the potential of AI for customers
Data sou r ces The "bot t om" l a y er Models & p r oprieta r y algori t hms The "middle" l a y er Cus t ome r - f acing digital p r oduc t s & se r vices The " t op" l a y er The Saga plat f orm le t s Einride e x ecu t e t he same r ou t es wit h f e w er trucks , less p o w er , and at a l o w er
Slide 18: Einride's freight platform optimizes electric road freight with AI
Einride ʼ s f r eight plat f orm optimi z es electric r oad f r eight wit h AI Solv ecosyst f or a mon t hly f ee R dir cust educes t he o v e r all cost of transition t h r ough operational efficiencies, ect/indi r ect cost r eduction, and pu r chasing economies of scale vs. omers sou r cing indivi
Slide 19: Einride is the leader within the autonomous freight movement
Einride is t he leader wit hin t he au t onomous f r eight m o v ement No t e: Data as of June 2025 unless other wise no t ed. (1) R ep r esen t s publicly disclosed cus t omers. (2) P er Au r ora filings. (3) P er K odiak's i n v es t or p r esentation filed publicly on 04/14/202 5 . (4) Includes l
Slide 20: Strategic deployment of charging infrastructure
No t es: Data as of July 2025 unless other wise no t ed. St r a tegic depl o yment of cha r ging inf r astructu r e Einride's dif f e r ent modes of cha r ging solutions ser v e v a r ying cus t omer depl o ymen t s and all o w f or additional upside f r om e x t ernal cus t omers Einride stations E
Slide 21: Growing the electric fleet
No t es: All Einride data as of June 2025 unless other wise no t ed. (1) Including r en t ed / leased v ehicles as of July 202 5 . (2) P e t erbilt v ehicles a r e y et t o be p r ocu r ed and depl o y ed. (3) Bet w een Januar y 20 2 4 and June 202 5 . (4) As of N ov ember 2025 185 Electric v ehicle
Slide 22: Business model: Freight-Capacity-as-a-Service
Business model F r eigh t - Capacity - as - a - Se r vice Cont r act structu r e R e v enue Se r vices Expec t ed cont r act du r ation Fi x ed tak e - o r - p a y monthl y ra t e b ased on minimum transpo r t c a p aci ty and V a r iable ra t e f or additional c a p aci ty utili z ed b e y ond the
Slide 23: Target long-term business model economics
T a r get long - t erm business model economics CE T s (Comme r cial Electric T rucks) Cab - less au t onomous trucks Commenta r y FCaaS upf r ont cost per v ehicle $1 7 0k – $210k $200k – $300k Cap e x f or v ehicle pu r chases Number of licensed v ehicles 1 5 , 000+ 5 , 000+ T otal v ehicles opera
Slide 24: The time to scale autonomous is now
The time t o scale au t onomous is n o w – Einride is stra t egically positioned t o fuel t he transition as a mar k et leader No t es: (1) Pilot p r ogram launched in 2022, and operations began in 202 3 . (2) P er management ʼ s best kn o wledge. Uniquely enginee r ed f or dri v erless au t ono m y
Slide 25: Legato III SPAC overview and management team
No t es: (1) In agg r ega te. (2) Based on LE G T amount in trust af t er taking in t o account e xpec t ed additional accumula t ed in t e r est at p r e vailing mar k et ra t es t h r ough closing. Assumes 0% r edemptions. Brian P r att Chairman 9 $1.2B $ 4 . 6B M&A v alue of DeS P A Cs S P A C IP
Slide 26: Transaction overview
T r ansaction o v er vi e w No t e: Analysis e x cludes up t o 1 0. 340M sha r es issuable upon t he e x e r cise of Lega t o ʼ s warran t s ( comprised of 1 0 . 063M public warran t s and 0 .2 7 8M pri v a t e placement warran t s). The r e is no assurance t hat t he PIPE transaction will be comple
Slide 27: Notes
No t es: (1) Pilot p r ogram launched in 2022, and operations began in 202 3 . (2) P er management kn o wledge.
Slide 28: a e i n r i d e
a e i n r i d e
Slide 29: Appendix
Appendix
Slide 30: Customer journey
Cus t omer journ e y Einride w orks hand in hand wi t h cus t omers t o p r o vide r e v olutiona r y logistics se r vice at a l o w er cost T r ans f ormation p r og r am Mid - t erm Sho r t - term Description St r a tegic electrification plan L e v eraging t he planning AI algori t hms t o optimi
Slide 31: Risk factors
Risk f ac t ors
Slide 32: Risk factors (1/3)
Risk factors (1/3) Risk Factors Allreferences to "we," “us,” “our” or the “Company” refer to the business of Einrde AB and its consolidated subsidiaries. The risks presented below are certain of the general sks related to the business of the Company, and such lists not exhaustive. The ist below has
Slide 33: Risk factors (2/3)
Risk factors (2/3) Risks related to Our Legal and Regulatory Environment ‘© We are subject to substantial regulations, including regulations governing autonomous and electric vehicles, and unfavorable changes to, whether initiated by regulators or through the pressure of organized labor, or failure
Slide 34: Risk factors (3/3)
Risk factors (3/3) Risks Related to Financial and Tax Matters We require a significant amount of capital to fund our operations and growth, If we cannot obtain sufficient capital on acceptable terms, our business, financial condition, and results of operations may be adversely affected, Our estimate
Slide 35: a e i n r i d e
a e i n r i d e