Einride is buying 500 Tesla Semis, and Amazon quietly owns a slice of the company that will run them. The Swedish electric-trucking firm said on Tuesday it will deploy the 500 electric big rigs for Amazon and other customers. It called the order the largest Tesla Semi deployment in the world to date. Einride announced the order through its Saga AI fleet platform. The stake is the part Einride did not put in the press release. Amazon holds warrants for 25.2 million Einride shares, about 12 percent of the company, GeekWire reported, citing regulatory filings. Those warrants vest as Amazon buys freight services. Todd Bishop wrote that the warrants appeared on Einride’s books for the first time in its half-year report. That report was its first since the June listing. The terms had been public but buried. Einride’s prospectuses refer to Amazon only as “the Specified Party,” GeekWire noted. That labelling is why no one had reported the holding before. What Einride actually sells Einride does not sell trucks. It buys and finances them instead. It hires the drivers or contracts carriers, builds the charging, and hauls a customer’s freight for a fee. Its Saga software coordinates all of it. The pitch to a shipper like Amazon is electric trucking capacity without owning the vehicles or the chargers. The company is still young and cash-hungry. It listed on Nasdaq in June at a $1.35bn valuation, down from the $5bn it once discussed with banks. It runs about 200 of its own electric trucks for customers such as Heineken and PepsiCo. It has also built cab-less autonomous trucks on the side. The deployment, and the money behind it The Tesla order is outsized for Einride. It will triple the size of its deployed electric fleet, the company said. The trucks will