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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
Wish, Zymergen, Eat Just, Recursion Pharmaceuticals, Freenome, FiscalNote, Planet, Vectra, Illumio, Boxed
DCVC Opportunity
Tradeshift, Zymergen, Signifyd, Blockstream, CircleCI, D2iQ, TigerGraph, Alation, Mythic, Nylas
FundersClub
Instacart, Rappi, Slack, Chainalysis, ZoomCar, Human Interest, Webflow, HomeLight, RapidAPI, ShipBob
Maven Ventures
Mubadala Capital | Ventures Europe
OMERS Ventures
Rover, Hootsuite, Wattpad, Embark Trucks, DuckDuckGo, Ranovus, DogVacay, Klipfolio, Fusebill Subscription Billing Software - Company, Black Shopping Channel, Inc.
Sequoia Capital
Market Kurly, Robinhood, Airbnb, Instacart, Tokopedia, Stripe, DoorDash, CoinSwitch Kuber, UiPath, Rappi
Soma Capital
Rappi, Rippling, Alto Pharmacy, Ironclad, Human Interest, Astranis, Lattice, Raise, Embark Trucks, Houseparty
Tiger Global Management
Flipkart, JUUL, Delhivery, Databricks, Grab, Chime, Quikr, Palantir Technologies, CoinSwitch Kuber, Avant
Velocity
WI Harper Group
Y Combinator
Airbnb, Instacart, Stripe, DoorDash, Flexport, Rappi, Zenefits, Faire, Relativity Space, Brex
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
nanalyze - Jul, 17 2021
businesswire - Aug, 9 2021
wired - Jul, 25 2021
therobotreport - Jun, 23 2021
vox - Jul, 1 2020
cnbc - Apr, 8 2021
fleetowner - Apr, 5 2021
dcvelocity - May, 13 2021
prnewswire - Mar, 31 2021
prnewswire - Apr, 19 2021
freightwaves - Apr, 9 2021
Other Companies
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