Einride to Acquire Charging and Energy Software Company Flipturn, Creating North America's Largest Heavy-Duty Charging Network

• All-stock acquisition strengthens Einride's U.S. presence and customer offering as the Company continues to scale its North American operations.
• This acquisition consolidates the industry and creates the first fully-integrated electric freight technology stack, including charge point management and energy systems, and the brokerage layer that connects fleets to third-party charging networks.
• By aggregating charging demand at scale, Einride gets more competitive access to third-party charging networks.
  
  

STOCKHOLM, July 21, 2026 (GLOBE NEWSWIRE) -- Einride AB (Nasdaq: ENRD) (“Einride” or the “Company”), a freight technology company driving the transition to cost-efficient autonomous and electric operations for some of the world's largest shippers, today announced it entered into a definitive agreement to acquire Flipturn, Inc. (“Flipturn”), a developer of charging and energy management software for electric fleets. The acquisition is expected to lay the foundation for North America's largest heavy-duty EV charging ecosystem, connecting available charging capacity with fleets making the shift to electric.

The acquisition will add Flipturn's established customer base with over 250 megawatts of charging capacity to Einride's portfolio, including some of North America’s largest truckload transportation, autonomous, and last mile delivery fleets. This more than doubles Einride's existing energy under management.

"This acquisition is a decisive step in our U.S. scaling strategy. Flipturn will further strengthen Einride’s software layer for electric heavy-duty freight optimization and improve our customer offering by adding more cost efficient, more reliable, and accessible charging to our customers," said Roozbeh Charli, Chief Executive Officer, Einride. "With Flipturn, Einride is expected to become the first company in the industry with a fully vertically integrated electric freight technology stack."

Saga AI, Einride's AI-driven platform for optimizing electric freight, has supported over 19 million electric miles worldwide, continuously optimizing vehicle utilization, energy consumption, and operational performance. Flipturn will strengthen Einride’s software layer for charging infrastructure: using AI to predict charging times, optimize power delivery, and adapt to each fleet's vehicle and battery behavior over time, as well as keeping chargers online, handling driver access and payments (eMSP), and orchestrating on-site controllers.

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