Robert Falck, founder of electricity and auto-truck startup EinRide, has stepped down from his CEO role as the company works to scale technology, raise more funds and explore the potential of an IPO.
FALCK will move into the role of board chairman and focus on Ainrid’s long-term strategy.
Einride’s CFO, Roozbeh Charli, will soon take over the effective CEO role. In a statement, the company said that Charli has helped build Einride’s operational infrastructure and commercial momentum in Europe and North America over the past five years.
FALCK made his seventh company, Einride, in 2016, mission to transform the carbon-generating trucking industry. His background is diverse. In his previous life, he founded a nightclub guest list startup and served as director of the manufacturing engineering assembly for the Volvo GTO powertrain.
Falck first spoke to TechCrunch about his goal of disrupting the freight industry, first with an electric truck, then with an electric autonomous pod built with purpose without a steering wheel or pedal for autonomous driving.
“After nearly a decade of building as CEO, it’s time to shift my focus to a place where I can create the most long-term value,” Falck said in a statement. “As an executive chairman, I will focus on the overall company strategy, including ensuring Ainrid can be made public when the time is found to be right.”
Charli said he intends to further improve FALCK’s mission and help the company scale responsibly beyond the current market. The company currently operates one of the largest fleets of large electric trucks in Europe, North America and the Middle East. Service companies such as PepsiCo, Carlsberg Sweden, and DP World.
Einride has raised $654.26 million for each Pitchbook so far. The company last announced a $500 million round in 2022. In an October conversation with TechCrunch, FALCK said the company needs to raise more working capital.
He also said Einride achieved contract revenue of around $5 billion and is running on repeat revenue of around $50 million per year in 2024.