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Einride spins off design organisation

Published by Global Banking & Finance Review®

Posted on February 24, 2026

1 min read

Last updated: February 24, 2026

Einride spins off design organisation - Finance news and analysis from Global Banking & Finance Review

Tags:Startups

Quick Summary

Einride has spun off its design unit, selling a majority stake to Navisalma Design while retaining a minority. The move won’t affect its planned $1.8B SPAC merger with Legato Merger Corp. III in the U.S.

Einride Separates Design Unit, Sells Majority Stake to Navisalma

Deal Overview and Financial Context

STOCKHOLM, Feb 24 (Reuters) - Swedish self-driving truck startup Einride said on Tuesday it had spun off its design business and sold a majority stake in the new company to Navisalma Design.

Ownership Structure and Retained Stake

"Einride will retain a minority ownership stake in the company," it said in a statement.

About Navisalma Design and Founder

Navisalma Design is a newly formed design studio founded by Einride co-founder Linnea Kornehed, it said.

Merger with Legato Merger Corp III

U.S. Listing Plans via SPAC

An Einride spokesperson said the divestment would not impact the firm's plan to go public in the U.S. through a merger with blank-check firm Legato Merger Corp III in a deal valuing the company at $1.8 billion.

Reporting and Editing Credits

(Reporting by Anna Ringstrom and Marie Mannes, editing by Terje Solsvik)

Key Takeaways

•Einride spun off its design organization, selling a majority stake to Navisalma Design.
•Einride retains a minority ownership stake in the new design company.
•Navisalma Design was founded by Einride co‑founder Linnéa Kornehed Falck.
•Einride said the divestment will not impact its planned U.S. SPAC merger.
•The Legato Merger Corp III deal values Einride at about $1.8 billion.

Frequently Asked Questions about Einride spins off design organisation

1What is the main topic?

Einride has spun off its design organization, selling a majority stake to Navisalma Design while retaining a minority interest.

2Does the divestment affect Einride’s listing plans?

No. The company says the move will not impact its planned U.S. listing via a SPAC merger with Legato Merger Corp. III.

3Who is behind Navisalma Design?

Navisalma Design is a newly formed studio founded by Einride co‑founder Linnéa Kornehed Falck.

Deal Overview and Financial Context

STOCKHOLM, Feb 24 (Reuters) - Swedish self-driving truck startup Einride said on Tuesday it had spun off its design business and sold a majority stake in the new company to Navisalma Design.

Ownership Structure and Retained Stake

"Einride will retain a minority ownership stake in the company," it said in a statement.

About Navisalma Design and Founder

Navisalma Design is a newly formed design studio founded by Einride co-founder Linnea Kornehed, it said.

Merger with Legato Merger Corp III

U.S. Listing Plans via SPAC

Reporting and Editing Credits

(Reporting by Anna Ringstrom and Marie Mannes, editing by Terje Solsvik)

Key Takeaways

•Einride spun off its design organization, selling a majority stake to Navisalma Design.

•Einride retains a minority ownership stake in the new design company.

•Navisalma Design was founded by Einride co‑founder Linnéa Kornehed Falck.

•Einride said the divestment will not impact its planned U.S. SPAC merger.

•The Legato Merger Corp III deal values Einride at about $1.8 billion.

Frequently Asked Questions

1What is the main topic?

Einride has spun off its design organization, selling a majority stake to Navisalma Design while retaining a minority interest.

2Does the divestment affect Einride’s listing plans?

No. The company says the move will not impact its planned U.S. listing via a SPAC merger with Legato Merger Corp. III.

3Who is behind Navisalma Design?

Navisalma Design is a newly formed studio founded by Einride co‑founder Linnéa Kornehed Falck.