Wednesday, June 23, 2021
A startup founded by second-year Waterloo Engineering students just five years ago would have a market capitalization of US $5.16 billion under a proposed merger to make it a publicly traded company.
Embark Trucks, which is based in San Francisco, was launched by former mechatronics engineering students Alex Rodrigues and Brandon Moak to bring autonomous technology to the trucking industry.
After meeting during their studies at Waterloo, Rodrigues and Moak made their first public splash in 2015 by driving Feridun Hamdullahpur, president and vice-chancellor of the University, around the Ring Road in an autonomous golf cart they had built in a garage.
Go to From student startup to US $5.16B market capitalization for the full story.