Autonomous Trucks
Embark Technology, a California company that sought to put autonomous semi-trucks on the road and test in Texas, is apparently no more, according to an email from Embark’s CEO to employees seen by Automotive News. In the email, Alex Rodrigues, the CEO, says he is “profoundly sorry.”In case you missed it:Embark was founded in 2016, according to its website, and will follow another self-driving company — Argo AI —in closing, after Argo shut down operations last October. AdvertisementRodrigues’s email sounds pretty defeated:Rodrigues cited an inability to raise capital and delays in “the prospect of scaled commercial deployment” of autonomous trucking for the closure. The last nine months have been tough for the autonomous trucking industry, and for Embark — the capital markets have turned their backs on pre-revenue companies,” Rodrigues said. AdvertisementStill, Auto News says that the remaining employees at Embark will spend their time winding down the business and liquidating.