The deal will triple the size of Einride's fleet while sweetening the company's sales pitch for its Saga AI software. The Tesla Semis will be available to customers across North America.

The acquisition — Einride's first as a publicly traded company — will expand its EV-charging ecosystem as it works to scale its electric trucking business.

The agreement comes just as Einride is finalizing a merger with blank-check company Legato Merger Corp. to go public.

The proceeds will support Einride’s technology roadmap, global expansion, and autonomous deployments in North America, Europe, and the Middle East.