The company plans to launch an autonomous trucking lane between Houston and San Antonio, and open an autonomous trucking facility.
Embark taking autonomous trucks public via SPAC deal
Embark will get about $614 million in cash proceeds, which it said will fund the company through 2024.
Amazon keeps on truckin’ with autonomous vehicle investments
Amazon has moved on as quickly as its same-day deliveries by announcing, almost concurrent with its breakup call to New York Gov. Andrew Cuomo, more than $1 billion of new funding for electric vehicles and self-driving cars. On Feb. 15, a day after reporting on Amazon’s rejection of New York City as the site for…
Embark self-driving trucks raise $30M Series B
Embark self-driving trucks received an infusion of $30 million in Series B funding. The round, led by Sequoia Capital, raises the total funding to $47 million since the Embark self-driving trucks debuted in 2016. The funding will help increase the fleet from five to 100 Embark self-driving trucks and help purchase the cameras, LiDAR and…