About Embark Trucks
Embark Trucks is a company based in San Francisco (United States) founded in 2016 was acquired by Applied Intuition in May 2023.. Embark Trucks has raised $115.12 million across 4 funding rounds from investors including Applied Intuition, Mubadala and Tiger Global. Embark Trucks operates in a competitive market with competitors including PlusAI, Gatik, Kodiak Robotics, TuSimple and Waabi, among others.
- Headquarter San Francisco, United States
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Embark Trucks Inc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$115.12 M (USD)
in 4 rounds
-
Latest Funding Round
$70 M (USD), Series C
Sep 25, 2019
-
Investors
Applied Intuition
& 9 more
-
Employee Count
Employee Count
-
Acquired by
Applied Intuition
(May 25, 2023)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Software Development Team
351 people
Sales and Marketing
20 people
Engineer Team
19 people
Product Management Team
13 people
Finance and Accounting
8 people
Human Resources and Administration
7 people
3d Team
6 people
Legal and Compliance
5 people
Unlock access to complete
Funding Insights of Embark Trucks
Embark Trucks has successfully raised a total of $115.12M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $70 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $70.0M
-
First Round
First Round
(22 Mar 2016)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series C - Embark Trucks | Valuation | Tiger Global Management | |
| Jul, 2018 | Amount | Series B - Embark Trucks | Valuation | Sequoia Capital | |
| Jul, 2017 | Amount | Series A - Embark Trucks | Valuation | DCVC |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Embark Trucks
Embark Trucks has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Applied Intuition, Mubadala and Tiger Global. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture and private equity investments are managed with global diversification.
|
Founded Year | Domain | Location | |
|
Sequoia Capital is engaged in venture capital investments.
|
Founded Year | Domain | Location | |
|
Venture capital firm focused on multiple sectors
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Embark Trucks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Embark Trucks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Embark Trucks Comparisons
Competitors of Embark Trucks
Embark Trucks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PlusAI, Gatik, Kodiak Robotics, TuSimple and Waabi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Self-driving technology for commercial trucks is developed by PlusAI.
|
|
| domain | founded_year | HQ Location |
AI-enabled platform offering self-driving delivery trucks and delivery management system
|
|
| domain | founded_year | HQ Location |
Autonomous trucks are developed for long-haul freight transport.
|
|
| domain | founded_year | HQ Location |
Self-driving truck solutions are developed using AI technology.
|
|
| domain | founded_year | HQ Location |
Autonomous driving solutions for trucks are developed by Waabi.
|
|
| domain | founded_year | HQ Location |
Autonomous electric trucks are manufactured for freight and emissions management.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Embark Trucks
Frequently Asked Questions about Embark Trucks
When was Embark Trucks founded?
Embark Trucks was founded in 2016.
Where is Embark Trucks located?
Embark Trucks is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Embark Trucks a funded company?
Embark Trucks is a funded company, having raised a total of $115.12M across 4 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Mar 22, 2016.
What does Embark Trucks do?
Embark was founded in 2016 in San Francisco, United States, focusing on the autonomous trucking sector. Software is developed to function as the core intelligence for self-driving commercial trucks on long-haul stretches. A level 2 autopilot system is being tested for real-world deployment. The team is composed of robotics specialists experienced in artificial intelligence, machine learning, and advanced technology integration. Operations center on software solutions for the trucking industry.
Who are the top competitors of Embark Trucks?
Who are Embark Trucks's investors?
Embark Trucks has 10 investors. Key investors include Applied Intuition, Mubadala, Tiger Global, Sequoia Capital, and DCVC.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.