by RJ Shara | Jun 23, 2021 | Startups
Five-year old self-driving truck startup Embark Trucks Inc. said Wednesday it would merge with special purpose acquisition company Northern Genesis Acquisition Corp. II in a deal valued at $5.2 billion. Embark takes a different approach to autonomous trucking: As opposed to manufacturing and operating a fleet of trucks themselves, which is the route rival TuSimple […] …
by RJ Shara | Jun 26, 2020 | Startups
TuSimple, the self-driving truck startup backed by Sina, Nvidia, UPS and Tier 1 supplier Mando Corporation, is headed back into the marketplace looking for new capital from financiers. The company has worked with financial investment bank Morgan Stanley to help it raise $250 million, according to several sources familiar with the effort. Morgan Stanley has actually sent out […] TuSimple looking for $250 million in new financing to scale self-driving trucks …
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