Embark Trucks Raises $614 million SPAC
Embark Trucks has raised $614M in SPAC funding led by Various. Highway autonomous trucking software. The funds will be used to Partner with Amazon, Anheuser-Busch for autonomous freight lanes.
SPAC$614 millionTotal tracked $614 millionSan Francisco, CA
What it does
Highway autonomous trucking software.
Traction
Embark Trucks is continuing to scale after securing $614M in SPAC funding led by Various.
Trend impact
Embark Trucks's financing points to investor interest in Mobility & Transportation, but the current source bundle does not yet support a sharper market-disruption claim.
Funding history
- September 1, 2021 · SPAC · $614 million · Various
Products & services
- Mobility & Transportation workflow monitoring tied to the funding announcement
- Customer-facing product described on the company website
- Operational tooling for mobility & transportation teams
- Data capture and reporting across core business processes
- Team expansion support funded by the latest round