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Embark Trucks Stock
Self-Driving Semi Trucks
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
AME Cloud Ventures
Lacework, Wish, Zymergen, Eat Just, Illumio, Recursion Pharmaceuticals, Freenome, FiscalNote, Planet, Vectra
DCVC Opportunity
Tradeshift, Zymergen, Gusto, Flutterwave, Alation, Signifyd, Blockstream, CircleCI, D2iQ, TigerGraph
FundersClub
Instacart, Rappi, Slack, Chainalysis, ShipBob, ZoomCar, Human Interest, HomeLight, Webflow, RapidAPI
Maven Ventures
Mubadala Capital | Ventures Europe
OMERS Ventures
Group14 Technologies, Rover, Hootsuite, Wattpad, Embark Trucks, DuckDuckGo, Ranovus, DogVacay, Klipfolio, Fusebill Subscription Billing Software - Company
Sequoia Capital
Market Kurly, Robinhood, Airbnb, Instacart, Tokopedia, Stripe, DoorDash, Rappi, CoinSwitch Kuber, UiPath
Soma Capital
Rappi, Rippling, Deel, Alto Pharmacy, Flutterwave, Ironclad, Lattice, Human Interest, Alloy, Astranis
SV Angel
Snap, Instacart, Stripe, Anduril Industries, DoorDash, Reddit, Zenefits, Pinterest, Opendoor, Slack
Tiger Global Management
Flipkart, Komodo Health, JUUL, Delhivery, Ather Energy, Databricks, Grab, Chime, Ola, Quikr
Velocity
WI Harper Group
Y Combinator
Airbnb, Instacart, Stripe, DoorDash, Flexport, Rappi, Reddit, Zenefits, Faire, Relativity Space
Y Combinator Continuity Fund
Fivetran, Ironclad, Webflow, Jeeves, Snapdocs, Embark Trucks, CoinTracker
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
wired - Jul, 25 2021
nanalyze - Jul, 17 2021
therobotreport - Jun, 23 2021
dcvelocity - May, 13 2021
prnewswire - Apr, 19 2021
freightwaves - Apr, 9 2021
cnbc - Apr, 8 2021
fleetowner - Apr, 5 2021
prnewswire - Mar, 31 2021
vox - Jul, 1 2020
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Some data provided by Crunchbase