Amazon Builds 12% Einride Stake as 500 Tesla Semis Join Freight Push

3 articles · Updated · GeekWire · Aug 18

Amazon holds warrants for 25.2 million Einride shares—about 12% of the Swedish trucking company—that vest as it buys freight services, a stake newly shown in Einride’s first post-IPO financial report.
Einride disclosed the arrangement alongside plans to roll out 500 Tesla Semis for Amazon and other customers across five U.S. states over two years starting in September, in what it called the world’s largest Tesla Semi deployment.
Amazon is central to Einride’s near-term growth: the company forecast 60% to 73% second-half revenue growth, driven by the Amazon ramp and other U.S. and European deployments.
The deal fits Amazon’s pattern of pairing commercial orders with equity upside, after similar arrangements with Plug Power and Rivian, as it expands electric freight capacity toward its 2040 net-zero goal.