The announcement puts the equity value at approximately $71 million. Applied Intuition will provide an all-cash transaction as part of a definitive merger agreement signed between the two companies.

Embark Trucks, a developer of autonomous technology for the trucking industry, said that carriers participating in its Partner Development Program (PDP) have placed a combined 14,200 reservations for ...

[Stay on top of transportation news: Get TTNews in your inbox.] Self-driving truck technology company Embark Trucks Inc. has entered into a definitive business combination agreement with Northern ...

Embark Technology, an early mover in autonomous trucking that ran out of money to get to commercial production, said Thursday it would go private in a $71 million all-cash merger with Applied ...

SAN FRANCISCO, June 01, 2022 (GLOBE NEWSWIRE) -- Embark Trucks, Inc. (Nasdaq: EMBK, “Embark”), a leading developer of autonomous technology for the trucking industry, today shared an update on its ...

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Autonomous truck tech startup Embark Trucks on Thursday announced its expansion into Texas and the launch of a new autonomous trucking lane between Houston and San Antonio. To support the expansion, ...

To better validate and measure the progress of the technology, Embark plans to demonstrate autonomous driving on snowy roads by the end of winter. Embark Trucks has a plan to develop and deploy ...