Embark SPAC Presentation Deck
EMBARK 's Technology is Expected to Drive Significant
Value for Carriers
Three Factors Driving Carrier Adoption
1 Expected to Provide Compelling Economics
for Carriers(1)
Illustrative AV
Adoption
Revenue
"1
NORTHERN
GENESIS II
Operating Margin
Operating Profit
0%
$179M
10%
$18M
20%
$285M
14%
$39M
117%
↑ Up to 2x Carrier Profit Margin on AV miles
~3x Annual Revenue Per Truck via 24/7 operation
Increase Truck Utilization, Decrease Payback Period
50%
$442M
19%
$85M
375%
2 Expected to Improve Competitiveness for
Shippers
●
Improved Sustainability: Up to a 10% increase in fuel efficiency per
mile, driving a reduction in carbon emissions due to better speed
management, supporting Carrier and Shipper sustainability
objectives
Increased Delivery Speed: Doubling of daily range from 500 to
1,000 miles, reducing delivery time by 40% (²)
Improved Safety: Autonomous driving directly addresses the 5K
deaths, 151K injuries and the enormous value of damaged cargo
attributable to human error(3)
3 Expected to Alleviate Driver Shortage
Current driver shortage is 60K and expected to rise to 160K by
2028, leaving 1,000s of trucks "against the fences" at large carriers
Expected to improve quality of life for drivers by being home every
night
Source: ATA.
(1) Calculations assume a 1000 truck fleet converts a percentage of manual trucks to Embark autonomous trucks, capturing the improved utilization and margins provided by Embark trucks. Calculations also assume direct to
customer operating model using ATRI per-mile economics
(2) Calculation based on assumption of 22 hour driving day vs. 10 hour human driver day
(3) Estimates based on data from May 2006 Presentation by US DOT FMCSA from its Large Truck Causation Study
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