About Embark Trucks
Embark Trucks develops self-driving software for the trucking industry, enabling trucks to operate autonomously. Their technology aims to improve efficiency, safety, and reliability in freight transportation. By licensing their software to large freight carriers and logistics companies, Embark helps these clients reduce costs associated with human drivers and transition to autonomous operations. Unlike competitors, Embark has established partnerships with major industry players like Ryder and U.S. Xpress to create a nationwide terminal network for autonomous operations. The company's goal is to transform the logistics and transportation market by making autonomous trucking a viable option for freight carriers.
San Francisco, CaliforniaHeadquarters
2016Year Founded
$308.7MTotal Funding
IPOCompany Stage
Robotics & Automation, Automotive & TransportationIndustries
11-50Employees
Benefits
Flexible vacation
Paid Holidays
Team and Company-wide offsites and working retreats
Medical, dental, vision coverage
FSA and HSA Accounts
Mental Health Support
AD&D and life insurance
Paid parental leave
Ownership/equity for all employees
Pre-tax commuter benefits for onsite employees
Individual Learning & Development budget for employees
Meals & Snacks onsite
In-person and virtual social events
Risks
Embark faces financial instability with recent layoffs and office closures.
Acquisition by Applied Intuition may undervalue Embark's assets and technology.
Industry crisis may affect Embark's ability to maintain partnerships and client trust.
Differentiation
Embark is a pioneer in autonomous trucking with a focus on self-driving software.
The company has partnerships with major players like Ryder and U.S. Xpress.
Embark's technology operates in diverse conditions, including rain, fog, and snow.
Upsides
Growing interest in autonomous trucking from logistics giants like FedEx and UPS.
Advancements in sensor technologies enhance safety and efficiency of autonomous vehicles.
Expansion of 5G networks improves connectivity and real-time data processing for trucks.
Funding
Total raised$308.69 M
Latest valuation$71.00 M
StageIPO
ACQUISITION
4/30/2023$71
$71.00 MSPAC PRIVATE PLACEMENT
5/31/2021$200
$5.20 BSPAC IPO
5/31/2021$414
$5.20 BSERIES C
8/31/2019$70
$350.00 MSERIES B
6/30/2018$30
$150.00 MSERIES A
6/30/2017$15
$75.00 M$2
$10.50 M