Embark Trucks Stock
Self-Driving Semi Trucks
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About Embark Trucks Stock
Embark develops self-driving semi trucks. San Francisco-based Embark is also building out its fleet of test vehicles, growing from two to five trucks in just four months. Embark’s goal isn’t replace the driver entirely, however: It just wants to make it possible for long-haul trips to be managed by fewer drivers, eliminating the need for team driving, for instance, and helping to address a lack of available qualified human drivers for this kind of shipping. Drivers are still expected to help with the parts of the route that don’t involve freeway and driving, but still the efficiency gains and trip time benefits would be huge once their technology is in service. The company was founded in 2016.
Investors
Sequoia Capital
Market Kurly, Robinhood, Airbnb, Instacart, Tokopedia, Stripe, DoorDash, Rappi, CoinSwitch Kuber, UiPath
Tiger Global Management
Flipkart, Delhivery, BharatPe, Databricks, Ather Energy, Grab, Chime, Ola, Relativity Space, Quikr
WI Harper Group
Maven Ventures
DCVC Opportunity
Tradeshift, Zymergen, Gusto, Flutterwave, Alation, Signifyd, Blockstream, CircleCI, D2iQ, TigerGraph
Funding History
January 2015 | $25K |
---|---|
May 2016 | $2.1M |
July 2017 | $15.0M |
July 2018 | $30.0M |
September 2019 | $70.0M |
Management
Chief Executive Officer
Alex Rodrigues
Chief Financial Officer
Richard Hawwa
Chief Technology Officer
Brandon Moak
Press
businesswire - Aug, 9 2021
Embark Uses NVIDIA DRIVE to Power its Embark Universal Interface for the Autonomous Trucking Industrywired - Jul, 25 2021
Trucks Move Past Cars on the Road to Autonomynanalyze - Jul, 17 2021
4 Self-Driving Semi-Truck Stocks for Investorstherobotreport - Jun, 23 2021
Embark taking autonomous trucks public via SPAC dealdcvelocity - May, 13 2021
Self-driving trucks haul HP printers as Embark expands real-world road tests