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
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Embark Trucks Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$115.12 M (USD)
in 4 rounds
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Latest Funding Round
$70 M (USD), Series C
Sep 25, 2019
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Investors
Applied Intuition
& 9 more
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Employee Count
Not available
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Acquired by
Applied Intuition
(May 25, 2023)
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People of Embark Trucks
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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
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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.
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.
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Venture and private equity investments are managed with global diversification.
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Sequoia Capital is engaged in venture capital investments.
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Venture capital firm focused on multiple sectors
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Investor details for Embark Trucks
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Investments & Acquisitions by Embark Trucks
Investment portfolio details for Embark Trucks
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Financial Statements - Embark Trucks
Detailed financials for Embark Trucks
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Embark Trucks Comparisons
Peer comparison for Embark Trucks
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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.
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Self-driving technology for commercial trucks is developed by PlusAI.
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AI-enabled platform offering self-driving delivery trucks and delivery management system
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Autonomous trucks are developed for long-haul freight transport.
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Self-driving truck solutions are developed using AI technology.
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Autonomous driving solutions for trucks are developed by Waabi.
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Autonomous electric trucks are manufactured for freight and emissions management.
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Detailed competitors of Embark Trucks
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Latest news on Embark Trucks
Complete news archive for Embark Trucks
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Frequently Asked Questions about Embark Trucks
Embark Trucks was founded in 2016.
Embark Trucks is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Embark Trucks is a funded company, having raised a total of $115.12M across 4 funding rounds to date.
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.
Embark Trucks has 10 investors. Key investors include Applied Intuition, Mubadala, Tiger Global, Sequoia Capital, and DCVC.