Autonomous Trucks
Embark went public in 2021 through a special purpose acquisition company (SPAC) deal. Tale of a Self-Driving Truck StartupAlex Rodrigues, CEO and co-founder of Embark, was inspired to launch Embark after blowing a tire on the interstate and waiting four hours for a tow. If it goes under, Embark won’t be the first self-driving truck tech company to do so. But the company shut down after failing to secure additional needed funding. Otto, one of the earlier startups focused on self-driving trucks, sold to Uber in 2016, which later shut down its self-driving trucks division.