Applied Intuition to buy autonomous trucking SPAC Embark for $71M

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Applied Intuition to buy autonomous trucking SPAC Embark for $71M

Embark Trucks, the autonomous trucking company that recently cut 70% of its workforce, is being acquired by Applied Intuition, a simulation and software provider for autonomous vehicle development. The all-cash transaction has an equity value of about $71 million, according to the companies. Embark went public in 2021 via a merger with a special purpose […]

Applied Intuition to buy autonomous trucking SPAC Embark for $71M by Rebecca Bellan originally published on TechCrunch

Applied Intuition to buy autonomous trucking SPAC Embark for $71M

2023-05-26 08:03

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