Autonomous Trucks
Autonomous trucking company Embark Trucks announced March 3 it is winding down operations and is exploring a liquidation or sale. Embark Trucks was founded in 2016 by its then 20-year-old founders CEO Alex Rodrigues and Chief Technology Officer Brandon Moak. During the latter part of the 2010s it captured the attention of investors interested in the growing autonomous truck and technology sector. Embark is just the latest transportation startup to struggle as concerns about the economy grow. And preceeding Locomation, another Pittsburgh-based autonomous transportation company, Argo AI, closed suddenly in October when two of its biggest investors, Ford and Volkswagen, pulled out.