Latest news with #RobertFalck
Yahoo
3 days ago
- Business
- Yahoo
Einride founder Robert Falck out as CEO amid leadership pivot
Autonomous freight technology company Einride recently announced that founder and CEO Robert Falck will be appointed executive chairman of the board effective immediately. CFO Roozbeh Charll will take over as CEO. The leadership shuffle comes as Transport Topics/Bloomberg report the company is considering an IPO in the U.S. Falck, founder and executive chairman, said in the news release: 'Einride started with the simple idea that freight could be done differently, and better. That idea has become a company, a platform, and a global shift in motion. After nearly a decade of building as CEO, it's time to shift my focus to where I can create the most long-term value. As Executive Chairman, I will focus on the overall company strategy, including ensuring that Einride can go public when we find the time is right.' Einride, based in Sweden, was founded in 2016 and originally focused on freight solutions for electric and autonomous vehicles. By 2019, the company began autonomous truck commercial operations on Swedish roads and touts one of the largest fleets of heavy-duty electric trucks across the U.S., Europe and the United Arab Emirates. TechCrunch by way of PitchBook reports Einride has raised $654.26 million in funds to date with its last round in 2022 to the tune of $500 million. However, to take off, the company needs additional funding. TechCrunch wrote, 'Falck said that the company would need to raise more working capital — another $100 million would put it 'in a good path forward' — to reach the scale necessary to hit profitability.' My first impressions of Einride were of its autonomous terminal tractor fleet during a presentation at Manifest about autonomous vehicles. I learned the company is a major player in the European AV space. The move to an IPO in the U.S. makes sense due to a more favorable AV regulatory environment. So far it doesn't seem to be too much of a concern for AV makers, as many are looking at European regulations when creating their autonomous vehicle safety cases – the logic being if it's good enough for stricter Europe, it'll be fine in the U.S. market where self-reporting reigns. The Mongolian steppes are again bustling, but this time it's a horde of 100 5G autonomous electric mining trucks. The trucks are part of a collaboration among Chinese based Xuzhou Construction Machinery Group, State Grid Smart Internet of Vehicles and telecom Huawei to tackle the hostile operation environment, where temperatures can reach minus 40 F. Interestingly, that is also minus 40 C. The trucks can haul a load of 90 metric tons, or 198,416 pounds, with the driver cabin being removed and replaced with a 568 kWh battery. It's the first autonomous mining truck in China that doesn't have a driver's cabin. Where telecom Huawei comes into the equation is that it powers these mining trucks via its 5G-Advanced network, providing a consistent uplink speed of 500 Mbps and a latency of under 20 milliseconds. To put the latency into context, it's nearly as good as an online first-person-shooter video game, which hovers around 16 milliseconds. It's a big deal, as quick reaction times are key to avoiding obstacles and processing the vast amounts of data that the AV truck sensors are collecting. For China, autonomous mining trucks are a natural fit as the country relies heavily on coal: Not only does it import the most coal but it also produces the most – about 52.6% of all global production. For the truck deployment in Inner Mongolia, it's an opportunity to automate a region that produces one-quarter of the country's total coal output. China remains a leader in the space, with Inner Mongolia alone having 344 autonomous mining trucks across 43 open-pit coal mines. Mining trucks, due to their massive weight, count as Class 8 but fall into the vocational category compared to standard Class 8 tractors. But what works in a Class 8 mining truck may eventually work in a Class 8 tractor so vocational developments are worth the watch. The post Einride founder Robert Falck out as CEO amid leadership pivot appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Automotive
- Yahoo
IonQ Partners with Sweden's Einride to Develop Quantum Supply Chain and Quantum-Enhanced Logistics for Autonomous Driving Solutions
IonQ and Einride will collaborate to develop quantum solutions for fleet routing, logistics optimization, and supply chain solutions IonQ's investment will grow its European presence and reinforce commitment to building a quantum economy in Sweden and the European market COLLEGE PARK, Md., May 20, 2025--(BUSINESS WIRE)--IonQ (NYSE: IONQ), a leading commercial quantum computing and networking company, today announced an investment partnership with Einride, a leading global freight mobility company that provides digital, electric, and autonomous technology to explore how quantum computing can drive the next generation of fleet optimization and logistics. Together, IonQ and Einride will develop quantum applications that address large-scale routing and scheduling problems that have traditionally challenged classical computing. By combining IonQ's advanced quantum systems with Einride's expertise in autonomous fleet logistics, the two companies will work to unlock new levels of efficiency, reliability, and sustainability for the global freight industry. "Einride shares our belief that quantum computing will fundamentally reshape and improve how large industries such as transportation and logistics operate," said Niccolo de Masi, CEO of IonQ. "This partnership is aimed at creating a powerful platform with unique insights into real-world quantum advantage in a sizable market. Our investment and collaboration with Einride reinforces our commitment to building a quantum-ready economy across Europe." As Einride scales its autonomous and electric fleet operations worldwide, routing and fleet management challenges grow exponentially more complex, creating optimization challenges that are increasingly difficult for classical computers to address. Quantum computing offers a new path forward by improving the efficiency and optimization of logistics and routing operations, all while reducing costs and improving speed to solution. "At Einride, we are committed to transforming freight mobility, and we see quantum computing as a key enabler of that vision," said Robert Falck, Founder and CEO of Einride. "Through our work with IonQ, we are laying the foundation for a future where logistics networks are smarter, cleaner, and far more efficient for customers around the world." Today's announcement builds on IonQ's quantum application progress with Airbus on cargo loading optimization and Thompson Machinery on predictive maintenance, among others. The partnership also heralds IonQ's continued expansion into Sweden and the European market, following its recent collaboration with AstraZeneca to establish a new quantum application development center in Sweden. Earlier this year, IonQ established its first European Innovation Center at QuantumBasel in Switzerland and the company completed its acquisition of Switzerland-based IDQ. Globally, IonQ recently signed an MOU with Intellian in South Korea and agreements with Toyota Tsusho and AIST's G-QuAT in Japan. With data centers now in the Washington, D.C., Seattle, and Basel, Switzerland areas, IonQ has firmly established a global data center footprint, reinforcing its position as a leader in quantum technology. Today's announcement also reflects IonQ's growing momentum in building quantum ecosystems that drive real-world value across industries including transportation, logistics, manufacturing, and energy. For more information about IonQ's quantum computing solutions, please visit About IonQ IonQ, Inc. is the leader in the quantum computing and networking industries, delivering high-performance systems aimed at solving the world's largest and most complex commercial and research use cases. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at About Einride Einride designs, develops and deploys freight mobility technologies to accelerate the transition to sustainable transportation. Its platform includes connected electric and autonomous heavy-duty vehicles, charging infrastructure and an intelligent freight operating system. Founded in 2016, Einride became the world's first company to operate an autonomous, electric vehicle on a public road in 2019. Today, Einride operates one of the largest fleets of heavy-duty electric trucks servicing Global Fortune 500 companies across eight markets. For more information, please visit IonQ Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words "will," "believe," "belief," "aim," "aiming," "creating," "building," "vision," "laying the foundation," "path forward," "continued expansion," "growing momentum," and other similar expressions are intended to identify forward-looking statements. These statements include those related to the intended collaboration between IonQ and Einride, IonQ's expansion and creation of quantum-based economies in Europe; IonQ's quantum computing capabilities and plans; IonQ's technology improving operations in the freight, transportation and logistics industries, thereby driving commercial quantum advantage; the relevance and utility of quantum algorithms and applications run on IonQ's quantum computers; the necessity, effectiveness, and future impacts of IonQ's offerings available today; and the scalability, fidelity, efficiency, viability, accessibility, effectiveness, importance, reliability, performance, speed, impact, practicality, feasibility, and commercial-readiness of IonQ's offerings. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: IonQ's ability to implement its technical roadmap; IonQ's ability to deliver, and customers' ability to generate, value from IonQ's offerings; IonQ's ability to deliver higher speed and fidelity gates with fewer errors, enhance information transfer and network accuracy, or reduce noise and errors; changes in laws and regulations affecting IonQ's and its suppliers' businesses; IonQ's ability to implement its business plans, forecasts, roadmaps and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; IonQ's ability to effectively enter new markets; IonQ's ability to deliver services and products within currently anticipated timelines; IonQ's inability to attract and retain key personnel; the inability of IonQ's suppliers to deliver components that meet expectations timely; and IonQ's ability to maintain or obtain patent protection for its products and technology in relevant territories. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company's filings, including but not limited to those described in the "Risk Factors" section of IonQ's most recent periodic financial report (10-Q or 10-K) filed by IonQ with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations. IonQ may or may not choose to practice or otherwise use the inventions described in the issued patents in the future. View source version on Contacts IonQ Media contact: Jane Mazurpress@ IonQ Investor Contact: investors@
Yahoo
23-05-2025
- Business
- Yahoo
IonQ and Einride Partner on Quantum Supply Chain for Autonomous Vehicles
On May 20, 2025, IonQ, Inc. (NYSE:IONQ) revealed that it has partnered with Sweden's Einride, a leading freight mobility company, to develop quantum solutions for autonomous vehicles. The collaboration targets solutions for fleet routing, logistics optimization, and supply chain management, which will boost IonQ's (NYSE:IONQ) European presence and commercial applications beyond traditional computing. Photo by Anton Maksimov juvnsky on Unsplash Einride's growing autonomous fleet faces complex routing challenges, which quantum technology aims to solve, cutting costs and improving logistics. Einride CEO Robert Falck views quantum computing as key to smarter, cleaner freight mobility. The partnership builds on IonQ's work with Airbus and AstraZeneca, expanding its presence in Sweden and Europe. IonQ Inc. (NYSE:IONQ) is a quantum computing company that develops general-purpose quantum processors. The processors target complex problems beyond classical computing capabilities. It provides cloud-based access to its quantum computers through platforms like AWS, Microsoft Azure, and Google Cloud. While we acknowledge the potential of IonQ Inc. (NYSE:IONQ) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IONQ and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
21-05-2025
- Automotive
- TechCrunch
Einride founder steps down as CEO amid push to scale electric, autonomous trucks
Robert Falck, the founder of electric and autonomous trucking startup Einride, is stepping down from the role of CEO as the company works towards scaling its technology, raising more funds, and exploring the possibility of an IPO. Falck will transition to the role of executive chairman of the board where he will focus on Einride's long-term strategy. Einride's CFO, Roozbeh Charli, will take over the role of chief executive effective immediately. The company said in a statement that Charli has helped build Einride's operational infrastructure and commercial momentum across Europe and North America over the past five years. Falck founded Einride, his seventh company, in 2016 with a mission to transform the carbon emitting trucking industry. His background is diverse. In a previous life, he founded a nightclub guest list startup and also served as the director of manufacturing engineering assembly at Volvo GTO Powertrain. Falck has spoken to TechCrunch at length about his goals for Einride to disrupt the freight industry – first with electric trucks, then with electric autonomous pods, which are purpose-built without a steering wheel or pedals for self-driving. 'After nearly a decade of building as CEO, it's time to shift my focus to where I can create the most long-term value,' Falck said in a statement. 'As executive chairman, I will focus on the overall company strategy, including ensuring that Einride can go public when we find the time is right.' Charli said that he intends to further Falck's mission and help the company scale responsibly beyond its current market. The company currently operates one of the largest fleets of heavy-duty electric trucks in Europe, North America, and the Middle East servicing companies like PepsiCo, Carlsberg Sweden, DP World, and more. Techcrunch event Join us at TechCrunch Sessions: AI Secure your spot for our leading AI industry event with speakers from OpenAI, Anthropic, and Cohere. For a limited time, tickets are just $292 for an entire day of expert talks, workshops, and potent networking. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW Einride has raised $654.26 million to date, per PitchBook. The company last publicly announced its $500 million round in 2022. In an October conversation with TechCrunch, Falck said that the company would need to raise more working capital – another $100 million would put it 'in a good path forward – to reach the scale necessary to hit profitability. He also noted at the time that Eirnide hit roughly $5 billion in contracted revenue and was running at about $50 million annual recurring revenue for 2024.
Bloomberg
21-05-2025
- Business
- Bloomberg
Swedish Startup Einride Shuffles Management Ahead of IPO Push
Einride AB is shaking up its top management as the Swedish driverless truck startup lays the groundwork for a possible initial public offering. Founder and Chief Executive Officer Robert Falck will become executive chairman of the board to prepare for a listing, the company said in a statement Wednesday. Chief Financial Officer Roozbeh Charli will take over as CEO, effective immediately, according to the statement.
