-- First half 2026 revenue increased by 26% year-over-year to $27 million on 
      a constant currency basis1 
 
   -- Second half 2026 constant currency revenue1 growth rate is expected to 
      double to 60-73% year-over-year 
 
   -- Einride to support the electrification of Amazon's U.S. middle-mile 
      network with a deployment of 75 electric heavy-duty trucks across 5 U.S. 
      locations, as disclosed in April 2026 
 
   -- Subsequent to the end of the period, Einride partnered with Tesla to 
      deploy 500 Tesla Semi trucks on the Saga AI platform, tripling Einride's 
      current fleet size, with vehicles financed through third party solutions 
 
   -- Subsequent to the end of the period Einride partnered with DAF, a PACCAR 
      company, to accelerate scale-up of autonomous electric freight 

STOCKHOLM, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Einride AB (Nasdaq: ENRD) ("Einride" or the "Company") today announced its financial results for the first half of 2026, ended June 30 2026, marking the Company's first earnings release as a public company following its completed business combination and June 10th Nasdaq listing. Einride's full financial report will be available on its investor relations website.

"The first half of 2026 marked an important milestone for Einride as we began our journey as a public company, while continuing to scale the world's leading digital, autonomous and electric freight network," said Roozbeh Charli, Chief Executive Officer of Einride. "We continued to deliver on our plan with disciplined execution across every part of the business, from growing recurring revenue to strengthening our technology platform through investments in Saga AI, charging and autonomous technology."

H1 2026 Financial Highlights

   -- Revenue rose 26% year-over-year to SEK 273 million ($27 million) on a 
      constant currency basis1, driven by growth in customer volumes and fleet 
      deployments 
 
   -- Management expects the Company's year-over-year constant currency 
      revenue1 growth rate to more than double in the second half of 2026, to 
      60--73%, fueled by the Amazon ramp and other deployments in the U.S. and 
      Europe 
 
   -- The 500-truck Tesla Semi deployment will be funded through third party 
      financing solutions, enabling Einride to scale its fleet and convert 
      signed demand into operating revenue without equity dilution 
 
   -- The Tesla deployments are expected to triple the Company's current fleet 
      from approximately 250 to 750 deployed vehicles 
 
   -- Einride is executing towards reaching cash flow breakeven point in 2028, 
      driven mainly by continued scaling with existing customers and targeting 
      a fleet of approximately 1,500--2,000 trucks in operation by 2028. The 
      base of that expansion is set by continued conversion of its $800 
      million of potential long-term ARR in Joint Business Plans into revenue 
 
   -- Cash position as of June 30, 2026 was SEK 748 million ($77 million) 
 
   -- Net loss was SEK 1.12 billion in H1 2026 compared to a loss of SEK 887 
      million in H1 2025, primarily driven by non-cash charges of SEK 881 
      million including SEK 636 million related to the accounting treatment of 
      a recapitalization expense as part of the business combination and a 
      one-time SEK 245 million share based compensation charge in connection 
      with the listing. Furthermore, the Company incurred SEK 203 million of 
      one-time advisory fees in connection with the business combination in H1 
      2026. These charges were offset by a SEK 582 million non-cash gain 
      related to the fair value measurement of the Company's warrant liability 

"We are scaling with capital discipline. By financing fleet growth through asset-backed structures, we're able to convert signed demand into operating revenue faster while minimizing dilution for our shareholders and executing towards our target to reach cash flow breakeven point in 2028," said Anubhav Verma, Chief Financial Officer of Einride.

Commercial Highlights

   -- Following an initial trial, Einride expanded its relationship with Amazon 
      and secured a deployment of 75 manual electric heavy-duty trucks within 
      Amazon's middle-mile network across 5 U.S. locations, as previously 
      disclosed in April 
 
   -- Total executed electric distance, planned through Saga AI, increased to 
      18.5 million miles 
 
   -- Driverless hours in contracted customer operations increased 64% to more 
      than 5,400 hours as of June 30, 2026, supported by six autonomous 
      deployments across the U.S. and Europe 
 
   -- Einride strengthened its leadership and governance with the appointments 
      of General (Ret.) Keith Alexander and Lynn Atchison to its Board of 
      Directors. 
 
   -- Einride established a defense business unit, following initial pilot 
      contracts with NATO-allied organizations 
 
   -- Einride completed its business combination with Legato Merger Corp. III, 
      and its American depositary shares and warrants began trading on the 
      Nasdaq Global Market and Nasdaq Capital Market under the tickers "ENRD" 
      and "ENRDW" respectively, on June 10, 2026. The listing and business 
      combination included an oversubscribed $113 million PIPE financing to 
      expand Saga AI's fleet coverage and accelerate electric and autonomous 
      deployments 
 
   -- Since the close of the reporting period, Einride has also announced the 
      acquisition of charging and energy software company Flipturn, a 
      partnership with Centinus, a partnership with DAF (a PACCAR company) to 
      accelerate scale-up of autonomous electric freight, and the Tesla Semi 
      partnership described above 

Einride will host a conference call and live webcast today, August 18, 2026, at 8:00 AM ET / 2:00 PM CET to discuss its results and outlook. A live webcast and replay will be available on the Company's investor relations website.

About Einride

Founded in Stockholm in 2016, Einride (Nasdaq: ENRD) is a technology leader driving the transition to sustainable, cost-efficient autonomous and electric freight operations. The company's platform integrates AI-powered freight intelligence, proprietary autonomous technology, and one of the world's largest electric heavy-duty fleets. Einride serves a global customer base across North America, Europe, and the Middle East through a dual business model encompassing Freight-Capacity-as-a-Service (FCaaS) and a Software-as-a-Service (SaaS) platform.

Investor & Media Contact

Einride

Christina Zander

Head of Communications Einride

press@einride.tech, einride@icrinc.com

Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of U.S. federal securities laws including, but not limited to, statements regarding the Company's future financial and operating performance, including its revenue outlook and guidance, its path to cash flow breakeven, fleet expansion and deployment plans, anticipated customer ramp and conversion of potential long-term ARR into contracted revenue, financing arrangements, technology platform development, autonomous capabilities, partnerships, and its strategies, priorities and business plans. 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, as a result, are subject to risks and uncertainties. Any such expectations and assumptions, whether or not identified in this press release, 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 press release, including but not limited to: (1) risks related to the scaling of the Company's business and the timing of expected business milestones; (2) the ability to meet stock exchange continued listing standards; (3) risks associated with changes in laws or regulations applicable to the Company's solutions and services and the Company's international operations; (4) the possibility that the Company may be adversely affected by other economic, geopolitical, business, and/or competitive factors; (5) supply shortages in the materials necessary for the production of Einride's solutions; (6) negative perceptions or publicity of the Company; (7) risks related to working with third-party manufacturers for key components of Einride's solutions; (8) the termination or suspension of any of Einride's contracts or the reduction in counterparty spending; (9) the ability of Einride to issue securities in the future; (10) the ability of the Company to achieve its potential long-term ARR under its joint business plans with customers; (11) the ability to convert potential long-term ARR under joint business plans into contracted, revenue-generating capacity (12) risks related to the Company's third-party financing arrangements, including the ability to maintain non-dilutive financing on acceptable terms; (13) the ability to successfully deploy and finance the planned fleet expansion; (14) the ability to achieve projected revenue growth in the second half of 2026; (15) the ability to achieve cash flow breakeven by 2028; (16) risks related to the development and commercialization of the Company's autonomous capabilities; and (17) risks related to the Company's entry into the defense sector, including the ability to secure and expand contracts with defense organizations. Forward-looking statements are not guarantees of future performance. You should carefully consider the foregoing factors and the other risks and uncertainties that are described in the Company's