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Einride Taps NVIDIA to Put More Self-Driving Trucks on the Highway - Einride (NASDAQ:ENRD)
Einride AB (NASDAQ:ENRD) said Monday it entered a strategic collaboration with NVIDIA Corporation (NASDAQ:NVDA) to accelerate the development and deployment of autonomous heavy-duty trucks across highway and suburban routes. Einride will build the next generation of its autonomous-driving system,
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Einride partners with Nvidia for autonomous trucking tech By Investing.com
STOCKHOLM - Einride AB (Nasdaq:ENRD) announced today a collaboration with NVIDIA to develop autonomous trucking technology using NVIDIA's DRIVE Hyperion platform for heavy-duty vehicles. The Swedish freight technology company will adapt the NVIDIA DRIVE Hyperion platform for heavy-duty trucking
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Einride Shares Climb After Partnering With Nvidia
Shares of Einride were higher after the company said it will partner with Nvidia to accelerate automation efforts across its freight network. The stock rose 18%, to $4.64, in premarket trading Monday. The Swedish autonomous truck company made its trading debut on Nasdaq in June, after completing a
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Nvidia to Support Scale-Up of Autonomous Trucks at Sweden's Einride
Nvidia is partnering with Einride as the Swedish autonomous-truck maker looks to boost its production to meet rising demand for driverless vehicles. The chip giant will provide the underlying compute platform and artificial-intelligence tools to Einride's autonomous-driving systems, Einride said
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Swedish freight technology company Einride announced a strategic collaboration with Nvidia to accelerate autonomous trucking deployment using Nvidia's DRIVE Hyperion platform. The partnership targets scaling Einride's electric truck fleet to 1,500-2,000 vehicles by 2028, with approximately 80% of current demand suitable for automation across highway and suburban routes.
Swedish freight technology company Einride AB announced a strategic collaboration with Nvidia Corporation to accelerate the development and deployment of autonomous heavy-duty trucks across highway and suburban routes
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. The partnership will see Einride build the next generation of its autonomous-driving system, known as the Einride Driver, on Nvidia's DRIVE Hyperion platform1
. Nvidia will provide the underlying computing platform and AI development tools, while Einride handles safety validation, regulatory approvals, and customer deployments1
. The collaboration adapts Nvidia's compute, sensor, software, and safety architecture specifically for heavy-duty freight operations1
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Source: Benzinga
Einride currently operates hundreds of electric trucks for major shippers across the United States, Europe, and the Middle East, with its network already including autonomous trucks in contracted customer deployments
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. The company expects its fleet to expand to 1,500 to 2,000 vehicles by 2028 based on customer demand1
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. Approximately 80% of the demand currently captured on its platform could be suitable for automation over the medium term1
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. This represents a significant scaling opportunity for the Stockholm-based company, which began trading on Nasdaq in June after completing a merger with blank-check firm Legato Merger Corp. III in a transaction that valued Einride's equity at $1.35 billion before proceeds4
.Einride plans to leverage Nvidia Blackwell infrastructure through an Nvidia Exemplar Cloud partner to train and test its autonomous-driving models
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. The company is also utilizing Nvidia Cosmos to identify difficult driving scenarios and create synthetic training data, which could improve the diversity of data used to train and validate its autonomous vehicles1
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. Nvidia Hyperion provides a production-ready compute and sensor architecture designed for Level 4 autonomous driving, integrated with the Nvidia Halos safety system1
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. Henrik Green, Chief Technology Officer at Einride, stated that building the next generation of the Einride Driver on the Nvidia Hyperion platform will enable the company to scale autonomous deployment across a freight network already serving customers2
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Einride shares climbed 18% to $4.64 in premarket trading Monday following the partnership announcement, though they later declined 5.28% to $3.72 at publication time
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. The collaboration marks another step in the broader push toward autonomous trucking, following the spread of self-driving passenger taxis like Alphabet's Waymo vehicles and Tesla's robotaxis across U.S. cities4
. Rishi Dhall, vice president of automotive at Nvidia, emphasized that autonomous trucking represents an opportunity to improve safety and efficiency in global freight4
. Einride serves major customers including PepsiCo, Carlsberg, and Heineken through its Freight-Capacity-as-a-Service model and software platform2
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. Green noted that Einride has the customers, operational experience, and technology needed to execute on this vision4
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