Embark Trucks
Autonomous Vehicles / LogisticsUSAClosed 2023
Total Raised
Undisclosed
Peak Valuation
$5B
Employees
—
Year Collapsed
2023
Business model
Self-driving software for long-haul semi trucks, aiming to automate highway trucking routes.
In brief
Went public via SPAC at a $5 billion valuation, betting that long-haul highway trucking — a more constrained driving environment than city streets — would reach commercial autonomy faster than robotaxis. As with the broader autonomous vehicle sector, the technology and regulatory…
See the What Happened tab for the full account.
Key facts
- Founded
- 2016
- Closed
- 2023
- Headquarters
- San Francisco, USA
- Industry
- Autonomous Vehicles / Logistics
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Alex Rodrigues, Brandon Moak
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Often compared with: Aurora Innovation, Kodiak Robotics.