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Embark CEO Alex Rodrigues, Just 25, Is Taking His Driverless Truck Startup Public Via SPAC
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Embark Self-Driving Truck Company to Go Public
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Self driving technology maker Embark Trucks, a Y Combinator alum, plans $5 2 billion SPAC merger
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Lion Electric Co. is moving at lightspeed.
Since May, the St. Jerome-based electric truck and bus company has listed publicly on both the New York Stock Exchange and the Toronto Stock Exchange, closed a merger with a special purpose acquisition company Northern Genesis Acquisition Corp. that raised about $500 million, and announced a new manufacturing facility in Illinois, to add to an existing facility in Quebec.
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“Some people say they lost the year from COVID, but I cannot say that,” said Marc Bedard, chief executive and founder of the company, who also received a new grandchild during that time.