Embark strategically selected these nine sites to eventually automate crucial shipping lanes for its carrier partners. The expanded network that Embark is positioned to serve through these nine sites covered 9.5 billion miles of annual freight in 2020, including
By operating autonomously across the network, Embark’s carrier partners should be able to deliver faster than is currently possible, due to 24/7 operations. 41% of US shipment miles in the expanded Coverage Map are on lanes that are longer than drivers can complete in a single shift due to Hours of Service regulations. Embark anticipates that the 3.3 million loads on these lanes should become eligible for earlier delivery once automated.
In delivering this core segment of the Embark Coverage Map, Embark leveraged partnerships to accelerate deployment timelines, access superior properties for autonomous trucks, and deliver infrastructure for fleet partners in an asset-light manner. In working with Alterra, Embark was able to leverage Alterra’s deep industry knowledge and team providing nationwide coverage, its portfolio of over 150 existing properties across 30+ states, and its fully discretionary fund, to quickly identify sites and structure flexible usage agreements that enable Embark to scale across specific properties in alignment with the company’s growing volumes. As Embark continues to build density across the Embark Coverage Map ahead of deployment, the company will look to expand to additional sites and leverage other utilization structures such as pay-per-use as operations continue to scale.
Today, the Embark Coverage Map is being used in conjunction with Embark’s fleet partners through multiple pilots. To support fleets operating on the network, Embark, through a long standing partnership, has deployed Ryder operators to certain Embark Coverage Map sites to provide inspections and support services necessary to keep trucks moving in an efficient and safe manner.
Embark's proprietary, patent-pending Vision Map Fusion (VMF) technology is uniquely positioned to allow for this rapid coast-to-coast expansion. VMF minimizes reliance on cumbersome HD maps by instead leaning more heavily on real-time inputs from Embark’s sensor suite, allowing the technology to navigate its environment utilizing a light and easy-to-create and -maintain map. This map-light approach allows Embark to expand to new markets in a way where effort does not scale with mileage.
"Our carrier partners have a meaningful portion of their loads concentrated on a select set of lanes between major markets in the Sunbelt," said Embark CEO
About Embark
Embark’s mission is to realize a world where consumers pay less for the things they need, drivers stay close to the homes they cherish, and roads are safer for the people we love. To learn more about Embark, visit embarktrucks.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Embark’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward looking statements. These forward-looking statements include, without limitation, Embark’s expectations with respect to future performance. These forward-looking statements also involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: (1) ability to expand into new markets; (2) changes in the applicable laws or regulations; (3) the possibility that Embark may be adversely affected by other economic, business, and/or competitive factors; (4) the impact of the global COVID-19 pandemic; and (5) other risks and uncertainties separately provided to you and indicated from time to time described in filings and potential filings by Embark with the
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Embark Coverage Map
Embark Coverage Map expansion is made possible by Embark’s transfer point model, leveraging Alterra Property Group and Ryder services at sites in key markets.
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