The chipmaking powerhouse will supply the underlying computing platform and artificial intelligence tools for Einride's autonomous driving system.
Founded in Stockholm in 2016, Einride completed its listing on the Nasdaq exchange this summer through a merger with special purpose acquisition company Legato Merger Corp. III.
Key takeaways: Nvidia has forged a partnership with Swedish autonomous truck manufacturer Einride, providing the computing platform and AI tools for its self-driving system.
Nvidia is collaborating with Einride, which trades under the ticker ENRD. The Swedish autonomous trucking company is looking to ramp up production capacity in response to growing demand for driverless vehicles.
Einride announced on Monday that the chip giant will supply the foundational computing platform and artificial intelligence tools for its autonomous driving system. The company currently operates hundreds of electric trucks for major logistics clients across Europe, the United States, and the Middle East, and projects market demand to reach 1,500 to 2,000 vehicles by 2028.
Einride stated that in the medium term, roughly 80% of its operational scenarios can be enabled for autonomous driving, which will build upon the driverless trucks already in its existing fleet.
Rishi Dhall, Vice President of Automotive at Nvidia, said that autonomous trucks, requiring minimal human intervention, have the potential to enhance safety and operational efficiency in global freight transport.
Einride was established in Stockholm in 2016 and made its Nasdaq debut this summer via a merger with SPAC Legato Merger Corp. III, carrying an equity valuation of $1.35 billion before accounting for proceeds from the transaction. The company develops electric autonomous freight vehicles and software platforms, serving clients that include PepsiCo, European beer makers Carlsberg, and Heineken.
Henrik Green, Chief Technology Officer at Einride, commented: "We have the customers, the operational experience, and the technology. Building the next-generation Einride autonomous driving system on Nvidia's Hyperion platform will help us scale autonomous operations on top of the freight network we already have in service."
Following the proliferation of autonomous taxis from Waymo and Tesla across multiple U.S. cities, this collaboration with Nvidia marks another step in the industry's push to deploy autonomous trucks at scale. Daimler Truck's North American operations have already been conducting over-the-road truck testing for the U.S. market, while Caterpillar's autonomous and remotely operated bulldozers are already being used at certain landfill sites.
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