Einride’s $1.8B IPO: Hype, Hope, and Heavy Trucks

Einride’s $1.8B IPO: Hype, Hope, and Heavy Trucks

Author: Hugo Rauch November 21, 2025 Duration: 37:41

This week on New Wave Weekly:

👉 Einride’s $1.8B IPO: A look inside the price

The Swedish freight-tech giant is heading to the NYSE via SPAC at a 40× revenue multiple. Is the market ready for a Tesla-for-freight, or is this déjà vu of the SPAC boom?

👉 Vertical integration vs. “just pick a lane”

Einride builds hardware, software, autonomous systems, logistics optimization, everything. Too much stack risk, or the only way to make TCO work in freight?

👉 Europe’s climate champions keep listing abroad

Another European climate-tech leader chooses the US public markets. What does this say about the European markets and the long-awaited EU-INC?

***

Wave Makers:

Craig Douglas - World Fund

Julia Attwood - Sightline Climate

Hampus Jakobsson - Pale Blue Dot

Hugo Rauch - New Wave



This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit newwavenewsletter.substack.com

Hugo Rauch hosts New Wave, a podcast that lives at the intersection of business ambition and scientific reality. This isn't about distant predictions or abstract science; it's a grounded exploration of the technologies and companies being built right now to address our environmental future. Each episode focuses on the practical journey, dissecting the models, the breakthroughs, and the hard decisions that define the climate tech landscape. You'll hear from founders, researchers, and investors who are actively shaping this space, getting into the specifics of what works, what doesn't, and why. The conversations move beyond hype to examine the tangible mechanics of creating viable solutions, from energy storage and sustainable materials to carbon removal and regenerative agriculture. It’s for anyone who thinks about the climate challenge not just as a crisis, but as a complex and urgent field of innovation. By tuning into this podcast, you gain a clearer understanding of the economic forces and scientific principles driving the next generation of environmental solutions. New Wave connects the dots between the lab, the boardroom, and the impact we need to see in the world, offering a sober yet optimistic look at where substantive progress is truly being made.
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