R. Lynn Atchison, a highly experienced corporate board director and financial executive with deep expertise in high-growth technology companies, will be appointed to the Board of Directors of Einride, subject to shareholder and regulatory approvals. This appointment follows the company’s public listing on Nasdaq earlier this month and reinforces Einride’s commitment to building a world-class board to navigate the autonomous freight sector.

"Einride is tackling one of the most consequential transitions in global freight, and doing it with operational scale and a clear technology edge," said Ms. Atchison. "Having led companies through IPOs and transformational business model shifts, I understand what it takes to build trust with public market investors while continuing to execute. I'm excited to bring that experience to Einride's board at such an important moment in its journey."

Board Expertise and Experience

Ms. Atchison brings decades of experience guiding technology companies through pivotal inflection points, including two IPOs, cross-border mergers and acquisitions, and fundamental business model transformations. She currently serves on the boards of Bumble, Inc. (NASDAQ: BMBL) and Q2 Holdings, Inc. (NYSE: QTWO), where she chairs the Audit Committee at BMBL and chairs the Risk Committee at QTWO. She also serves on the board and audit committee of ZenBusiness, a private company headquartered in Austin, Texas.

Executive Leadership Background

A former Chief Financial Officer of HomeAway and Hoover's, Inc., Ms. Atchison has held a series of CFO roles at fast-growing companies with successful exits to strategic and private equity buyers. Her career includes leading Spredfast, a SaaS business sold to Vista Equity Partners; HomeAway, the online vacation rental marketplace acquired by Expedia; and Hoover's, the online business information company acquired by Dun & Bradstreet during her tenure.

Strategic Importance

Robert Falck, Founder and Executive Chairman of Einride, emphasized the value of building trust with customers, regulators, and public markets. He noted that Ms. Atchison's experience as a CFO and in the boardroom is a rare combination essential for the company's current phase. "When I founded Einride, I believed that the companies who would win in autonomous freight were those who could build real trust, with customers, with regulators, and with public markets," said Mr. Falck. "Lynn has done exactly that, twice over as a CFO and again in the boardroom. That is a rare combination, and it is exactly what this moment calls for."

Roozbeh Charli, Chief Executive Officer of Einride, highlighted that the company is entering an intense period of scaling its fleet and deepening customer relationships as a public entity. "We are entering one of the most intense periods in Einride's history, scaling our fleet, deepening customer relationships, and operating as a public company," said Mr. Charli. "Lynn has navigated both sides of this equation; having her in the room will make us even sharper."

Professional Credentials

Ms. Atchison is NACD Directorship Certified™ by the National Association of Corporate Directors. She holds a Bachelor of Business degree, summa cum laude, in accounting from Stephen F. Austin State University and is a retired CPA. In 2017, she was recognized with the "Best CFO Legacy Award" by the Austin Business Journal.

Einride AB, a technology company focused on electric and autonomous freight solutions, has commenced trading on the Nasdaq Global Market and Nasdaq Capital Market under the ticker symbols "ENRD" and "ENRDW", respectively. The listing follows the completion of its business combination with Legato Merger Corp III, a transaction valued at a pre-money equity value of approximately $1.35 billion. This milestone marks the company's entry into public markets, providing access to US capital through a Sponsored American Depositary Receipt (ADR) program facilitated by Deutsche Bank as the depositary bank.

To mark the public market debut, Einride leadership rang the Nasdaq Opening Bell at MarketSite in Times Square on June 10, 2026. The business combination was approved by Legato shareholders at an extraordinary general meeting on June 4, 2026. The transaction included an oversubscribed Private Investment in Public Equity (PIPE) financing that raised $113 million, supported by investors including EQT Ventures and a global asset management company based on the West Coast of the United States.

Strategic Positioning and Operations

Founded in Stockholm in 2016, Einride has developed a technology platform integrating AI-powered planning, autonomous technologies, electric heavy-duty fleets, and charging infrastructure. The company 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. Its proprietary AI platform, Saga, optimizes freight operations by integrating vehicle telemetry, charging infrastructure, routing, and demand data.

With a portfolio of 30 global customers, Einride reports a pipeline exceeding $800 million in opportunities through its Joint Business Plans. The company targets a total addressable market of $4.6 trillion, aiming to expand automation within customer networks to enhance efficiency. "Over the past decade, Einride has built the technology and the customer base to lead the transition to autonomous and electric freight," said Roozbeh Charli, Chief Executive Officer, Einride.

Transaction and ADR Details

TD Cowen served as the lead financial and capital markets advisor to Einride and acted as lead placement agent on the PIPE, alongside BTIG, LLC. Legal counsel for Einride was provided by DLA Piper LLP (US), Advokatfirma DLA Piper Sweden KB, and Conyers Dill & Pearman LLP. The ADR program is structured as a Level III ADR, registered under the US Securities Act of 1933, and eligible for Depository Trust Company (DTC) services.