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LONDON, May 6 (Reuters) - Swedish electric self-driving vehicle start-up Einride said on Thursday it has raised $110 million in its latest funding round, including new investments from Maersk’s venture capital arm and Singapore state investor Temasek.
This brings the total amount Einride has raised to $150 million and the fresh financing will be used to scale up deployments with the start-up’s major customers in Europe and the United States.
The company has developed the Einride Pod, an electric self-driving truck without a driver cabin.
Einride’s customers include Coca-Cola Co and Electrolux.
Chief Executive Officer Robert Falck told Reuters Einride has between 10 and 20 vehicles and aims to use the funding to have five to six times as many operating, mostly in the United States. He declined to give a specific valuation for the company but said it is approaching $1 billion.