AcquisitionsJul 21, 2026, 08:01 AM
Einride to Acquire Flipturn for $38.4M, Expanding EV Charging Network
AI Summary
Einride AB announced a definitive agreement to acquire Flipturn, Inc., a developer of charging and energy management software for electric fleets. The all-stock acquisition, valued at $38.4 million, is expected to significantly strengthen Einride's U.S. presence and customer offering by creating North America's largest heavy-duty EV charging ecosystem. Flipturn's established customer base will add over 250 megawatts of charging capacity, more than doubling Einride's current energy under management and leading to a fully integrated electric freight technology stack.
Key Highlights
- Einride to acquire Flipturn, Inc. for $38.4 million, subject to adjustment.
- Consideration to be paid in Einride American depositary shares (ADSs).
- Flipturn's customer base adds over 250 megawatts of charging capacity to Einride's portfolio.
- Acquisition more than doubles Einride's existing energy under management.
- Aims to create North America's largest heavy-duty EV charging ecosystem.
- Expected to create the first fully-integrated electric freight technology stack.
- Completion anticipated in July 2026, subject to customary closing conditions.
Price Impact
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