Finance
Einride Spins Off Design Organisation
Published by Global Banking & Finance Review®
Posted on February 24, 2026
1 min readLast updated: April 2, 2026
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Company
Published by Global Banking & Finance Review®
Posted on February 24, 2026
1 min readLast updated: April 2, 2026
Add as preferred source on GoogleEinride 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.
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.
"Einride will retain a minority ownership stake in the company," it said in a statement.
Navisalma Design is a newly formed design studio founded by Einride co-founder Linnea Kornehed, it said.
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 by Anna Ringstrom and Marie Mannes, editing by Terje Solsvik)
Einride has spun off its design organization, selling a majority stake to Navisalma Design while retaining a minority interest.
No. The company says the move will not impact its planned U.S. listing via a SPAC merger with Legato Merger Corp. III.
Navisalma Design is a newly formed studio founded by Einride co‑founder Linnéa Kornehed Falck.
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