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Company

Embark Trucks

Embark Trucks was a San Francisco-based autonomous trucking company that went public on Nasdaq (EMBK) via SPAC at a $5B valuation in November 2021, founded by…

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Founded
2016
HQ
San Francisco, CA
Status
defunct ( ceased operations Dec 2023; assets sold)

Appears inLogistics robots

Models

2

Overview

Embark Trucks was a San Francisco-based autonomous trucking company that went public on Nasdaq (EMBK) via SPAC at a $5B valuation in November 2021, founded by CEO Alex Rodrigues. The company developed autonomous driving software for long-haul freight trucks but wound down operations in March 2023, laying off 70% of employees and exploring liquidation or sale after running out of runway before commercialization.

Verified record

Verified deployments
None on file
Active incidents
None on file

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Key facts

Robot

Autonomous Class 8 trucks

Stage

Went public via SPAC in 2021 at a $5.2B valuation

Scale

Shut down in February 2023 and returned capital to shareholders

CEO

Alex Rodrigues (Founder)

Stock

NASDAQ: EMBK (SPAC merger November 2021)

Peak valuation

$5B

Status

Winding down operations (March 2023)

Data & sources

Web sources

1

1 source backing this record.View all →

Founders (2)

Former / Previously (2)

Safety record

No incidents on record for Embark Trucks.

Only active incidents are counted. Retracted incidents are excluded from this summary but remain reachable at their canonical URLs.

Full safety record: incidents, sourcing, and exposure data →

Operator customers (1)

Brains developed (1)

Recent coverage

Embark Trucks in third-party press

Peer companies