AcquisitionsJul 21, 2026, 06:33 AM
Einride to Acquire Flipturn for $38.4M in All-Stock Deal
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 is valued at $38.4 million and is expected to significantly strengthen Einride's U.S. presence and customer offering. This move will more than double Einride's energy under management by adding Flipturn's 250+ megawatts of charging capacity and aims to create North America's largest heavy-duty EV charging ecosystem. The acquisition is anticipated to close in July 2026.
Key Highlights
- Einride to acquire Flipturn, a developer of charging and energy management software.
- Purchase price is $38.4 million, payable 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.
- Expected to lay the foundation for North America's largest heavy-duty EV charging ecosystem.
- Flipturn stockholders are eligible for earnout consideration based on certain milestones.
- Acquisition is expected to close in July 2026, subject to customary conditions.
Price Impact
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