Embark Technology, Inc.
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- Embark Technology, Inc. (Nasdaq: EMBK) develops autonomous driving software solutions for the truck freight industry in the United States. The company offers Embark Driver, an automated driving system software; Embark Universal Interface, an interoperable self-driving stack compatible across truck original equipment manufacturer platforms; and Embark Guardian, a cloud-based autonomous fleet management solution enabling carriers to oversee air updates, remote vehicle monitoring, remote vehicle assist, dispatching, and real-time data access including weather and construction information. These products target long-haul trucking fleets, freight shippers, and carriers to enhance safety, efficiency, and sustainability in the approximately $730 billion U.S. highway truck freight market. Founded in 2016 and headquartered in San Francisco, California, Embark Technology focuses on machine learning-based perception and safety-redundant compute systems, with extensive real-world testing exceeding 1.5 million autonomous highway miles. In August 2023, Applied Intuition, Inc. completed its acquisition of Embark Technology in an all-cash transaction valued at approximately $71 million, integrating Embark's software assets, data, and tools to bolster offerings for trucking and automotive customers while retiring Embark's test vehicle fleet. Post-acquisition, Embark operates as a subsidiary of Applied Intuition, supporting expanded development of autonomous systems across industries.
Company News
Calling All Embark Trucks Inc. (EMBK) Investors: Contact Bronstein, Gewirtz & Grossman, LLC To Claim Your Losses
Calling All Embark Trucks Inc. (EMBK) Investors: Contact Bronstein, Gewirtz & Grossman, LLC To Claim Your Losses
Pomerantz LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Northern Genesis Acquisition Corp. II and Embark Technology, Inc. Common Stock
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