Embark SPAC Presentation Deck
SaaS Business Model
Carrier/Shipper Partners Enable Embark to Scale Efficiently by Integrating Into the Current Freight
Ecosystem
Scale up rapidly by leveraging
significant investments by
carriers in trucks and real estate
Carrier investment massively outpaces
the resources of any single AV player
Top 100 carriers average more than
$100M each on new trucks annually(1)
W
NORTHERN
GENESIS II
Carriers bring expertise in
running a complex operations
intensive business
Embark can focus on what we do best:
making state-of-the art software
Compelling software-as-a-
service economics
Source: Transport Topics, ATRI
(1) Carrier spend calculated based on average fleet size of top 100 carriers. Assumes 25% annual fleet turnover and average cost of $125K per truck.
High margins
Recurring revenue
Economies of Scale
Selling to carriers and shippers allows EMBARK to focus on software development
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