Embark Technology (EMBK) Stock Forecast, Price & News

Embark Technology, Inc. is a tech start-up engaged in the self-driving vehicle industry in the United States. The company develops self-driving software solutions for the trucking industry specifically but its technology has applications across the automotive world. The business is built around a two-pronged approach that includes the technology to automate the trucking industry and the ability to manage the fleet from a centralized location. Trucks began testing Embark Technology in mid-2022.

The company was incorporated in 2016 and went public in March 2021. Embark Technology, Inc is headquartered in San Francisco and is the longest-operating self-driving truck operation on the market. The company differentiated itself at the beginning of the self-driving car revolution by focusing on freight, delivery, and fleet management and it is a strategy that has helped it stay ahead of the competition.

Also unlike the competition, Embark Technology is focused on the software that will power the system rather than the hardware. This means the company is working in collaboration with, rather than competing, with the OEMs and parts suppliers and that can be seen in the growing number of partnerships with manufacturers and shippers.

Embark Technology's solutions include Embark Driver, Embark Universal Interface, and Embark Guardian. Embark Driver is an autonomous trucking software that relies on sensors for added safety and reliability. By moving on from the map-based software the company is able to create more efficient systems and save costs for businesses.

Among the many stats recorded by the company, three of the most important are 60, 1200, and 5. The 60 is up to 60 seconds of future planning the automated software is ready to execute while driving. 1200 is the number of potential scenarios that are calculated each second as the vehicle traverses the roadways. The 5 is the 5-centimeter degree of control the software has and uses to keep the vehicles moving down the road safely.

Embark Universal Interface is an interoperable self-driving stack that works across truck OEM platforms. Embark Universal Interface is a technology that operates across OEM platforms making it a top choice for fleet managers. The Universal Interface will allow operators to control fleets made of multiple truck brands but relies on the willingness of OEM operators to build vehicles with the hardware installed at the factory.

Embark Guardian is a cloud-based autonomous fleet management solution that gives carriers complete control over their vehicles. The system provides air updates, supports remote vehicle monitoring, aid with remote vehicle assistance, dispatching, and access to real-time data, such as weather, construction delays, and detours.