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TELIA - Telia AB News Story

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Last Trade - 07/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £12.79bn
Enterprise Value £21.27bn
Revenue £7.63bn
Position in Universe 55th / 1838

Driverless electric truck starts deliveries on Swedish public road

Wed 15th May, 2019 8:00am
By Esha Vaish
    JONKOPING, Sweden, May 15 (Reuters) - Resembling the helmet
of a Star Wars stormtrooper, a driverless electric truck began
daily freight deliveries on a public road in Sweden on
Wednesday, in what developer Einride and logistics customer DB
Schenker described as a world first.
    Robert Falck, the CEO of Swedish start-up Einride, said the
company was in partnership talks with major suppliers to help
scale production and deliver orders, and the firm did not rule
out future tie-ups with large truckmakers.
    "This public road permit is a major milestone ... and it is
a step to commercializing autonomous technology on roads," the
former Volvo  VOLVb.ST  executive told Reuters.
    "Since we're a software and operational first company, a
partnership with a manufacturing company is something that we
see as a core moving forward," he said, adding he hoped to seal
a deal by next year.
    Falck said Einride, whose investors include ex-Daimler
 DAIGn.DE  Asia trucks head Marc Llistosella, is also courting 
investors for an ongoing Series A fundraising, often a company's
first sizable one. It previously raised $10 million.
    Auto alliances are on the rise to share the cost of electric
and autonomous technology. Ford  F.N  has vowed to invest $500
million in U.S. electric utility truck startup Rivian.
    Einride's T-Pod is 26 tonnes when full and does not have a
driver cabin, which it estimates reduces road freight operating
costs by around 60 percent versus a diesel truck with a driver.
    Besides Schenker, Einride has orders from German grocer
Lidl, Swedish delivery company Svenska Retursystem and five
Fortune 500 retail companies, underpinning its ambition to have
200 vehicles in operation by the end of 2020.
    Freight operators are under pressure to reduce delivery
times, cut emissions and face a growing shortage of drivers. 
    Schenker picked Einride over established truckmakers as the
T-Pod straddles the two biggest sector transformations:
digitisation and electrification, CEO Jochen Thewes said.
    "We believe that Einride is the best concept out there for
now," he said.
    The T-Pod is level 4 autonomous, the second highest
category, and uses a Nvidia  NVDA.O  Drive platform to process
visual data in real time. An operator, sitting miles away, can
supervise and control up to 10 vehicles at once.
    Thewes said the rollout of 5G technology, vital for
electrification, was lagging. For Schenker's pilot with Einride,
Ericsson  ERICb.ST  and Telia  TELIA.ST  had to construct two
new towers.  urn:newsml:reuters.com:*:nL3N21130Q
    The T-Pod has permission to make short trips - between a
warehouse and a terminal - on a public road in an industrial
area in Jonkoping, central Sweden, at up to 5 km/hr, documents
from the transport authority show.
    Falck said Einride would apply next year for more public
route permits and was planning to expand in the United States.
    "Ground zero for autonomous vehicles is the United States. I
think it will be the first market to scale when it comes to
autonomous vehicles," he said.

 (Reporting by Esha Vaish and Ilze Filks, additional reporting
by Anna Ringstrom; Editing by Mark Potter)
 ((esha.vaish@thomsonreuters.com; +46 8700 1122, +46 70 721
1122; Reuters Messaging:
esha.vaish.thomsonreuters.com@reuters.net; LinkedIn: http://in.linkedin.com/in/esha-vaish-9690b630))
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