Self-driving truck startup Embark raises $15M, partners with Peterbilt | TechCrunch
Summary
Embark raised $15 million in Series A financing to expand its autonomous trucking program. The company also announced a partnership with Peterbilt to build new test trucks for its fleet. The funding will support hiring, fleet expansion, and preparation for a broader commercial launch. Embark says its freeway-focused autonomy approach can improve trucking efficiency and reduce costs.
Funding
Amount
$15.0M
Total raised
Date
July 18, 2017
Announcement date
Investors
SV Angel, Y Combinator, Maven Ventures | VC & Incubator, DCVC
Lead investors
Company
embarktrucks.com
Funded company
Classifications
industries
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applications
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AskAI Classifications
Labels
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