Embark Trucks

Embark Trucks

Develops and licenses autonomous trucking software

Overview

Embark Trucks develops software that lets trucks drive themselves. Its self-driving software is designed to be integrated into existing truck fleets, and the company licenses this technology to large freight carriers and logistics companies, earning revenue from licensing fees and partnerships. Embark works with partners like Ryder and U.S. Xpress to create a nationwide network of autonomous transfer points and has conducted around-the-clock testing, including snow conditions, to prove its system can operate in real-world environments. What sets Embark apart is its focus on licensing a complete autonomous driving solution that can be added to existing fleets and its strategy to build a scalable national network for autonomous freight. The company’s goal is to make freight transport safer, more efficient, and more reliable by enabling widespread use of autonomous trucks across major carriers and logistics providers.

YC Company

About Embark Trucks

Simplify's Rating
Why Embark Trucks is rated
D-
Rated D+ on Competitive Edge
Rated D- on Growth Potential
Rated D- on Differentiation

Industries

Robotics & Automation

Automotive & Transportation

Enterprise Software

Company Size

11-50

Company Stage

IPO

Headquarters

San Francisco, California

Founded

2016

Simplify Jobs

Simplify's Take

What believers are saying

  • Applied Intuition acquired Embark for $71M in 2023.
  • Embark's software integrates into Applied Intuition's platform.
  • Proven long-haul tech assets boost buyer capabilities.

What critics are saying

  • Embark shut down operations after 70% layoffs in 2023.
  • Closed San Francisco and Houston offices permanently.
  • Liquidation cedes market to TuSimple and Aurora.

What makes Embark Trucks unique

  • Embark achieved first autonomous coast-to-coast truck drive.
  • Embark pioneered 100,000 miles on public roads autonomously.
  • Embark created first nationwide transfer points network.

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Funding

Total Funding

$802.4M

Above

Industry Average

Funded Over

9 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

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

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

-4%

2 year growth

0%
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news wire

In May 2022, U.S. Xpress joined forces with Embark Trucks, Inc., a pioneer in the development of autonomous technologies for the transportation sector.

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