IPO Edge and the Palm Beach Hedge Fund Association hosted a fireside chat with the CEO & Co-Founder of Embark Trucks, Inc. to discuss the company’s background, differentiation from competitors, partnership development program, upcoming business combination with Northern Genesis Acquisition Corp. II (NYSE: NGAB), and the future of the self-driving truck industry. The event featured Embark CEO & Co-Founder Alex Rodrigues joined by IPO Edge Editor-at-Large Jarrett Banks and Multimedia Editor Alexandra Lane in a moderated video session lasting approximately 60 minutes and including a Q&A with the audience.
Embark is a self-driving truck company founded in 2016 with the mission of making highways safer and the transport of goods more efficient – and is home to the longest self-driving trucking program in America. Champion roboticists founded Embark knowing that a clear mission, pragmatic focus, and transformative value proposition for the nearly $700 billion trucking industry were the keys to building a successful company. With investors including Fortune 500 shippers and some of the nation’s biggest carriers, the company’s exclusive focus on the software and associated services that will power self-driving trucks offers transformative operational savings and collaboration with carriers, truck manufacturers, and tier 1 suppliers. Through Embark’s Partner Development Program, carriers like Werner Enterprises, Bison Transport, and Mesilla Valley Transportation and shippers like AB InBev and HP Inc. are working with the company to commercialize self-driving trucks.
Mr. Rodrigues discussed:
- Embark Company Background
- Key Differentiators From Competitors
- SPAC Merger with Northern Genesis Acquisition Corp II
- Partner Development Program
- The Future of the Self-Driving Truck Industry
Stockholders who own shares of Northern Genesis 2 as of the Record Date should submit their vote promptly and no later than 11:59 p.m. Eastern Time on November 8, 2021. Northern Genesis 2 stockholders who need assistance in completing the proxy card, need additional copies of the proxy materials, or have questions regarding the Special Meeting may contact Northern Genesis 2’s proxy solicitor, D.F. King & Co., Inc., by telephone toll-free at (888) 605-1958 or collect at (212) 269-5550 or by email at firstname.lastname@example.org.
About the Speaker:
Alex Rodrigues is the co-founder and CEO of Embark Trucks, a self-driving truck company based in San Francisco, CA. Alex founded Embark in 2016 to improve the safety, efficiency, and cost of moving goods by applying self-driving technology to trucks.
Growing up in Canada, Alex started building robots at age 11. As a middle schooler, Alex won a world robotics championship competing against high school teams. While studying at the University of Waterloo, Alex and co-founder Brandon Moak built Canada’s first self-driving vehicle, a golf cart named “Marvin” that was used to take guests on tours of the campus.
Alex is a Thiel Fellowship recipient and was accepted into Silicon Valley’s premier startup incubator Y-Combinator, where he launched Embark. Under Alex’s leadership, Embark has achieved a number of industry firsts as it commercializes autonomous freight: Embark was the first self-driving truck company to achieve an autonomous coast-to-coast drive, the first to reach 100,000 miles driven on public roads, and the first to open transfer points.
Jarrett Banks, Editor-at-Large