What does Embark Trucks stand for?

Embark Trucks (NASDAQ: EMBK), a leading developer of autonomous technology for the trucking industry, has selected One Stop Systems (NASDAQ: OSS) to equip Embark's test fleet with the highest-performa...

How much is Embark Trucks worth?

The deal valued Embark at about $5 billion. Self-driving technology is an unproven business that’s suddenly ready to test its mettle. Embark Trucks is the second major company in the industry to go public this month after Aurora Innovation Inc. completed its own SPAC merger at a valuation of $13 billion.

What is embark & how does it work?

Embark is an autonomous vehicle company building the software for carriers to enable autonomous trucks within their fleets. Our asset-light Software-as-Service business model is the most efficient way to scale the Embark Driver, our self-driving technology product, within the existing truck industry.

Is embark technology going out of business?

MOUNTAIN VIEW, Calif. , May 25, 2023 /PRNewswire/ -- Applied Intuition, Inc. , a tooling and software provider for autonomous vehicle development, and Embark Technology, Inc. (NASDAQ: EMBK), an auton... Shares of autonomous-truck startup Embark Technology Inc. sank Monday after the company announced deep layoffs and said it may go out of business.