How much CO2 reduction is expected from Einride and Paulig’s new electric route related to LEGT?

The expanded electric operations are projected to eliminate 430 tonnes of CO2 emissions annually. According to Einride, the 415 km roundtrip route between Landskrona and Kungsbacka forms part of its “green corridors” network, showcasing emissions reduction potential that may interest future LEGT shareholders.

Einride Expands Partnership with Paulig, Electrifying Long-Haul Shipments Along Sweden's West Coast

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Einride, which plans to go public via Legato Merger Corp. III (NYSE American: LEGT), expanded its partnership with Paulig to electrify long-haul shipments for the Santa Maria brand in Sweden.

The 415 km route will use Einride’s Smart charging and Saga software and is projected to cut 430 tonnes of CO2 emissions annually. Einride reports over 30 enterprise customers, approximately $92 million expected ARR from signed contracts, and over $800 million in potential long-term ARR.

AI-generated analysis. Not financial advice.

Positive

Expanded long-haul electrification partnership with Paulig for Santa Maria shipments
415 km roundtrip route added to Einride’s electric heavy-duty fleet network
Projected annual reduction of 430 tonnes of CO2 emissions for Paulig transport
More than 30 enterprise customers across seven countries
Approximately $92 million in expected annual recurring revenue from signed contracts
Over $800 million in potential long-term ARR via joint business plans

Negative

None.

News Market Reaction – LEGT

-0.18%

1 alert

-0.18% News Effect

On the day this news was published, LEGT declined 0.18%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Route length: 415 kilometers CO2 emissions avoided: 430 tonnes annually Emissions reduction target: 42% +5 more

8 metrics

Route length 415 kilometers Roundtrip route on Sweden's west coast

CO2 emissions avoided 430 tonnes annually Projected reduction from expanded electric operations

Emissions reduction target 42% Paulig value-chain reduction from 2018 baseline

Baseline year 2018 Reference year for 42% emissions reduction target

Net zero goal year 2045 Paulig target to reach net zero

Enterprise customers More than 30 Einride commercial footprint across seven countries

Expected ARR Approximately $92 million From signed contracts mentioned in article

Potential long-term ARR Over $800 million Through joint business plans with blue-chip customers

Market Reality Check

Price: $11.08 Vol: Volume 15,075 is slightly...

normal vol

$11.08 Last Close

Volume Volume 15,075 is slightly below the 20-day average of 16,033 (relative volume 0.94). normal

Technical Price at $11.11 is trading above the 200-day MA of $10.87, with shares 6.92% below the 52-week high.

Peers on Argus

LEGT was up with modest volume while SPAC peers were mostly flat; only ATIIU sh...

LEGT was up with modest volume while SPAC peers were mostly flat; only ATIIU showed a notable move at +4.8%, suggesting today’s setup is stock-specific rather than a broad sector rotation.

Historical Context

5 past events · Latest: Apr 22 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 22	Form F-4 filing	Positive	+0.0%	Filed Form F-4 for Einride merger, outlining valuation and capital inflows.
Mar 30	Audit going concern	Negative	+0.3%	Audit opinion flagged going-concern doubts while reiterating Einride combination plan.
Mar 24	Regulatory approval	Positive	+0.1%	Einride gained fifth NHTSA approval to operate autonomous trucks on U.S. roads.
Mar 12	Investor day	Positive	-0.2%	Announced analyst and investor day highlighting tech and U.S. commercial strategy.
Feb 26	PIPE financing	Positive	+0.5%	Announced $113M oversubscribed PIPE to support Einride business combination.

Pattern Detected

News around the Einride combination and growth milestones has generally seen small price reactions, with occasional divergences when risk-focused items appeared.

Recent Company History

Over the past few months, LEGT news has centered on its proposed combination with Einride and related financing. Key steps included a $113M oversubscribed capital raise on Feb 26, 2026, the announcement of an analyst day on Mar 12, and a Form F-4 filing on Apr 22 valuing Einride at $1.35B. A going-concern audit explanation on Mar 30 contrasted with this growth story. Today’s partnership expansion fits into the narrative of Einride building commercial traction ahead of the planned U.S. listing.

Market Pulse Summary

This announcement reinforces Einride’s commercial traction ahead of its proposed combination with LE...

Analysis

This announcement reinforces Einride’s commercial traction ahead of its proposed combination with LEGT, highlighting an expanded electric fleet, a 415-kilometer corridor, and projected avoidance of 430 tonnes of CO2 annually. It ties into prior filings describing about $92M in expected ARR and over $800M in long-term ARR potential. Investors may watch for progress on closing the transaction, additional enterprise wins, and how these contracts translate into reported revenue after the planned listing.

Key Terms

autonomous, ai-powered, annual recurring revenue, arr, +4 more

8 terms

autonomous technical

"electric and autonomous freight operations, today announced the expansion"

Autonomous describes machines, vehicles, or systems that can perform tasks and make decisions on their own using sensors, software, and computing power, with little or no human guidance. For investors, autonomy matters because it can reduce ongoing labor costs, create new product categories, change regulatory risk, and open revenue opportunities; think of it like a self‑driving car or a factory robot that can work without a human constantly steering it.

ai-powered technical

"managed by the company's AI-powered Saga software, which optimizes"

"AI-powered" describes technology that uses artificial intelligence to perform tasks, make decisions, or analyze information automatically. It’s similar to having a highly skilled assistant that can learn from data, recognize patterns, and improve over time, helping to make processes faster and more accurate. For investors, this means better insights and more efficient operations, potentially leading to smarter investment choices.

annual recurring revenue financial

"with approximately $92 million in expected annual recurring revenue (ARR)"

Annual recurring revenue is the predictable amount of money a company expects to earn each year from ongoing customer subscriptions or contracts. It helps businesses understand how much steady income they can count on, much like a subscription service that charges customers every month or year. This figure is important because it shows the company's stability and growth potential.

arr financial

"expected annual recurring revenue (ARR) from signed contracts and over"

ARR, or Annual Recurring Revenue, is the predictable income a business expects to earn each year from ongoing customer subscriptions or contracts. It’s like a steady paycheck that shows the company's ability to generate consistent revenue over time, helping investors assess its stability and growth potential. ARR provides a clear picture of how well a company is performing in building long-term customer relationships.

green corridors technical

"form part of Einride's network of "green corridors", zero-emission freight routes"

Green corridors are designated transport routes or logistical arrangements set up to move goods, people or fuel with much lower carbon output than usual, often through special infrastructure, permits or coordinated scheduling. Think of them as a prioritized, low-emission highway for trucks, ships or planes that makes cleaner options easier and faster. For investors, green corridors can cut long-term operating costs, reduce regulatory and climate risk, improve supply-chain reliability, and boost a company’s environmental credentials—factors that can affect revenue, costs and valuation.

greenhouse gas emissions medical

"ambition to reduce greenhouse gas emissions across its value chain by 42%"

Greenhouse gas emissions are the gases a company releases into the air—like carbon dioxide or methane—that trap heat in the atmosphere and contribute to global warming. For investors, these emissions matter because they can lead to higher regulatory costs, fines, shifting consumer preferences, and physical risks (like supply-chain disruptions), or create opportunities in low-carbon products; think of emissions as a company’s climate footprint that can affect future profits and value.

net zero technical

"value chain by 42% from a 2018 baseline and reach net zero by 2045"

Net zero means balancing the greenhouse gases a company releases with the gases it removes or offsets so its overall contribution to warming is zero. Investors watch net zero commitments because they shape future costs, regulatory and legal risk, and public reputation—like a household balancing its budget to avoid debt—so a company's progress (or failure) can affect profits, asset values and long‑term financial stability.

business combination financial

"progress toward closing its proposed business combination with Legato Merger"

A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.

AI-generated analysis. Not financial advice.

05/19/2026 - 02:43 AM

STOCKHOLM, May 19, 2026 /PRNewswire/ -- Einride AB ("Einride" or the "Company"), a technology company leading the transition to cost-efficient electric and autonomous freight operations, today announced the expansion of its partnership with Paulig, the international family-owned food company, to electrify long-haul shipments for its iconic Santa Maria brand.

The expanded electric fleet will primarily transport goods along a 415-kilometer roundtrip route on Sweden's west coast, connecting Paulig's Landskrona production facility, a major hub supplying goods across the Nordic and Baltic markets, to its distribution point in Kungsbacka. Operations are supported by Einride's Smart charging infrastructure along the route and managed by the company's AI-powered Saga software, which optimizes fleet performance, energy consumption, and route efficiency in real time.

The Smart charging stations used on this route form part of Einride's network of "green corridors", zero-emission freight routes that integrate the physical and digital infrastructure necessary for clean, efficient, long-haul operations.

"Electrifying long-haul freight used to be a hard problem. This partnership is yet another proof that it isn't anymore," said Roozbeh Charli, Chief Executive of Einride. "When a food company can electrify its supply chain without compromising on cost or performance, the case for the rest of the industry becomes impossible to ignore."

Einride's Freight-Capacity-as-a-Service model enables customers like Paulig to meet transport demand with fewer vehicles, lower energy consumption, and reduced overall costs. The expanded electric operations are projected to eliminate 430 tonnes of CO2 emissions annually. The initiative is part of Paulig's broader ambition to reduce greenhouse gas emissions across its value chain by 42% from a 2018 baseline and reach net zero by 2045.

"With the volumes we produce, transport is a significant part of our climate impact. Electrifying long-haul transport is a concrete step in reducing emissions across our value chain," says Thomas Panteli, SVP, Supply Chain and Sourcing at Paulig.

This announcement builds on Einride's strong commercial momentum. The company operates one of the world's largest electric heavy-duty fleets, serving enterprise customers across the U.S., Europe, and the Middle East. Einride currently counts more than 30 enterprise customers across seven countries, with approximately $92 million in expected annual recurring revenue (ARR) from signed contracts and over $800 million in potential long-term ARR through joint business plans with blue-chip customers.

Einride continues to progress toward closing its proposed business combination with Legato Merger Corp. III (NYSE American: LEGT) ("Legato"), which would result in Einride becoming a U.S. listed public company, anticipated in the first half of 2026.

About Einride

Founded in 2016, Einride is a technology company that develops and operates digital, electric and autonomous freight solutions to accelerate the transition to future proofed transportation in a cost-efficient way. Its technology platform includes AI powered planning and optimization, autonomous technologies, one of the world's largest electric heavy-duty fleets and charging infrastructure. Einride is serving customers across North America, Europe and the Middle East.

On November 12, 2025, Einride and Legato announced they had entered into a definitive business combination agreement for a proposed business combination (the "Transaction") that would result in Einride becoming a U.S listed public company. The Transaction was unanimously approved by the Boards of Directors of Legato and Einride. Completion of the Transaction is anticipated to occur in the first half of 2026 subject to customary closing conditions, including regulatory approvals.

About Legato Merger Corp. III:

Legato is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses or entities.

Forward-Looking Statements

This communication contains certain "forward-looking statements" within the meaning of U.S. federal securities laws including, but not limited to, statements regarding the Transaction with Legato and Einride's expected and potential ARR, as applicable. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are based on current expectations and assumptions available to the Company and Legato, and, as a result, are subject to risks and uncertainties. Any such expectations and assumptions, whether or not identified in this communication, should be regarded as preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of definitive agreements with respect to the Transaction; (2) the outcome of any legal proceedings that may be instituted against Legato, Einride, the combined company or others following the announcement of the Transaction and any definitive agreements with respect thereto; (3) the amount of redemption requests made by Legato public shareholders and the inability to complete the Transaction due to the failure to obtain approval of the shareholders of Legato, to obtain financing to complete the Transaction or to satisfy other conditions to closing; (4) risks related to the scaling of the Company's business and the timing of expected business milestones; (5) the ability to meet stock exchange listing standards following the consummation of the Transaction; (6) the risk that the Transaction disrupts current plans and operations of the Company as a result of the announcement and consummation of the Transaction; (7) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Transaction; (9) risks associated with changes in laws or regulations applicable to the Company's solutions and

services and the Company's international operations; (10) the possibility that the Company or the combined company may be adversely affected by other economic, geopolitical, business, and/or competitive factors; (11) supply shortages in the materials necessary for the production of Einride's solutions; (12) negative perceptions or publicity of the Company; (13) risks related to working with third-party manufacturers for key components of Einride's solutions; (14) the termination or suspension of any of Einride's contracts or the reduction in counterparty spending; and (15) the ability of Einride or the combined company to issue equity or equity- linked securities in connection with the business combination or in the future.

Forward-looking statements are not guarantees of future performance. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the "Risk Factors" section of the Company's registration statement on Form F-4 to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC"), and other documents filed by the Company and/or Legato from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward- looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and all forward-looking statements in this communication are qualified by these cautionary statements. The Company and Legato assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except to the extent required by applicable law. Neither the Company nor Legato gives any assurance that either the Company or Legato will achieve its expectations. The inclusion of any statement in this communication does not constitute an admission by the Company or Legato or any other person that the events or circumstances described in such statement are material.

Additional Information and Where to Find It

In connection with the Transaction, the Company filed the Registration Statement, including a preliminary proxy statement/prospectus, which was declared effective by the SEC on May 14, 2026. Legato commenced mailing of the definitive proxy statement/prospectus to Legato shareholders on May 15, 2026. This communication does not contain all the information that should be considered concerning the Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Transaction. Before making any voting or investment decision, investors and shareholders of Legato are urged to read the Registration Statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the Transaction as they become available because they will contain important information about the Transaction. Investors and shareholders will be able to obtain free copies of the Registration Statement, proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by the Company or Legato through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by Legato may be obtained by written request to Legato at Legato Merger Corp. III, 777 Third Avenue, 37th Floor, New York, NY 10017.

Participants in the Solicitation

Legato and the Company and their respective directors and officers may be deemed to be participants in the solicitation of proxies from Legato's shareholders in connection with the Transaction. Information about Legato's directors and executive officers and their ownership of Legato's securities is set forth in Legato's filings with the SEC. Additional information regarding the interests of those persons and other persons who may be deemed participants in the Transaction may be obtained by reading the proxy statement/prospectus regarding the Transaction when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents as described in the preceding paragraph.

No Offer or Solicitation

This communication does not constitute a solicitation of any proxy, vote, consent or approval in any jurisdiction in connection with the Transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Legato, Einride or the combined company resulting from the Transaction, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act. This communication is restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction in where such distribution or use would be contrary to local law or regulation.

Investor & Media Contacts

Einride
Christina Zander
Head of Communications Einride
press@einride.tech
Einride@icrinc.com
Legato Merger Corp. III
Eric Rosenfeld
Chief SPAC Officer
Legato Merger Corp. III
ir@legatomerger.com

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SOURCE Einride

FAQ

What did Einride announce about its partnership with Paulig affecting LEGT investors?

Einride announced an expanded partnership with Paulig to electrify long-haul shipments for the Santa Maria brand in Sweden. According to Einride, this includes a 415 km route supported by Smart charging and Saga software, strengthening commercial traction ahead of the proposed LEGT business combination.

What are Einride’s key revenue metrics as it advances the LEGT business combination?

Einride reports approximately $92 million in expected annual recurring revenue from signed contracts. According to Einride, joint business plans with blue-chip customers represent over $800 million in potential long-term ARR, highlighting contracted and pipeline revenue indicators as it progresses toward listing via LEGT.

What does the proposed Einride and Legato (NYSE American: LEGT) business combination involve?

The proposed business combination would result in Einride becoming a U.S.-listed public company through Legato Merger Corp. III. According to Einride, the transaction is progressing and is anticipated to close in the first half of 2026, subject to customary approvals and conditions.

When is Einride expected to become publicly listed through LEGT?

Einride is targeting completion of its proposed business combination with Legato Merger Corp. III in the first half of 2026. According to Einride, closing the transaction would lead to Einride becoming a U.S.-listed public company trading via the LEGT structure.

How does Einride’s Freight-Capacity-as-a-Service model support Paulig’s supply chain?

Einride’s Freight-Capacity-as-a-Service model is described as enabling customers like Paulig to meet transport demand with fewer vehicles. According to Einride, the model aims for lower energy consumption and reduced overall costs while maintaining performance on long-haul electric freight routes.

How large is Einride’s electric heavy-duty fleet network ahead of its LEGT listing?

Einride operates one of the world’s larger electric heavy-duty fleets serving enterprise customers across the U.S., Europe, and the Middle East. According to Einride, its network supports over 30 enterprise customers in seven countries, underpinning the business before the proposed LEGT transaction.