Northern Genesis Acquisition Corp. II
Northern Genesis Acquisition Corp. II — Embark Technology — Corporate Update (September 2022)
17 slides from Northern Genesis Acquisition Corp. II's corporate update, Sep 27, 2022
Slide 1: Raising the bar for road safety: Enhanced inspections for autonomous trucks
Raising the bar for road safety: Enhanced inspections for autonomous trucks Alex Rodrigues Co-Founder & CEO September 27th, 2022
Slide 2: Disclaimer
2 DISCLAIMER This presentation (the "presentation") is being delivered to you by Embark Technology, Inc. ("Embark"). This presentation and any oral statements made in connection with this presentation shall neither constitute an offer to sell nor the solicitation of an offer to buy any securities. N
Slide 3: Mission and Vision
Mission To bring the first commercially-viable driverless truck to public roads. Vision To build a world where consumers pay less for the things they need, drivers stay closer to the homes they cherish, and roads are safer for the people we love. CONFIDENTIAL & PROPRIETARY 3
Slide 4: $700B US trucking freight market is an expanding opportunity
$700B US trucking freight market is an expanding opportunity 📦 Trucks haul nearly 70% of the nation's freight by weight1 By 2030, truck driver shortage is expected to reach 160K2 ⛑ Annually, ~500K truck related crashes happen in the US3 4CONFIDENTIAL & PROPRIETARY (1) American Trucking…
Slide 5: Embark is an AV SaaS company focused on safe trucking
5 Embark is an AV SaaS company focused on safe trucking CONFIDENTIAL & PROPRIETARY To date, 1M+ miles driven without a DOT reportable incident Trucks self-drive between highway-adjacent transfer points Carriers buy trucks fitted with AV hardware from truck OEMs🚚 🛣 💯 Complementary partnerships…
Slide 6: Several challenges need to be addressed for safe AV deployment
6 Several challenges need to be addressed for safe AV deployment Bought First Truck Lane Keeping Lane Changes Cut-Ins Merges Vehicle on Shoulder Night Driving Surface Streets Stop & Go Remote Monitoring Inclement Weather Construction Embark’s Past Technology Milestones and Accomplishments 2016 20212
Slide 7: Several challenges need to be addressed for safe AV deployment: Today's Focus: Inspections
7 Several challenges need to be addressed for safe AV deployment Bought First Truck Lane Keeping Lane Changes Cut-Ins Merges Vehicle on Shoulder Night Driving Surface Streets Stop & Go Remote Monitoring Inclement Weather Construction Embark’s Past Technology Milestones and Accomplishments 2016 20212
Slide 8: What does truck safety look like today?
8CONFIDENTIAL & PROPRIETARY What does truck safety look like today? Data from 2022 CVSA Roadcheck 3-day Enforcement Blitz1 (May 17-19, 2022, United States) 23.8% Trucks had out-of-service (OOS) safety violations 6.2% Drivers had OOS violations, such as driving over HoS2 limits 36.9% Trucks with OOS
Slide 9: Weigh stations pose a navigational challenge for AV trucks
🛣 Weigh stations pose a navigational challenge for AV trucks given complex facility designs are not captured by existing maps Roadside inspections at weigh stations require driver involvement in the procedure, which an AV truck could not easily execute 9CONFIDENTIAL & PROPRIETARY Traditional…
Slide 10: Weigh stations pose a challenge; solution: rigorous inspections before every trip
🛣 Weigh stations pose a navigational challenge for AV trucks given complex facility designs are not captured by existing maps Roadside inspections at weigh stations require driver involvement in the procedure, which an AV truck could not easily execute 10CONFIDENTIAL & PROPRIETARY Traditional…
Slide 11: Embark and industry collaborated with CVSA on enhanced CMV inspection standard
Embark and the AV trucking industry collaborated with CVSA to develop an enhanced CMV inspection standard & training course 11 Enhanced commercial motor vehicle inspection standard and checklist Training course for motor carrier technicians to get certified for inspections FMCSA, AV developers, moto
Slide 12: CVSA adopted enhanced CMV inspection standard; Embark piloting in Texas
12 CVSA adopted its new enhanced CMV inspection standard for AVs last week; Embark is now piloting the standard in Texas E n h an ce d Tr ad it io n al CONFIDENTIAL & PROPRIETARY Highway Transfer Point A Highway Transfer Point B Truck Weigh Station Enhanced inspection at least 1x per 24 hrs Inspecte
Slide 13: Enhanced pre-trip inspections raise the bar for truck safety
13 Enhanced pre-trip inspections raise the bar for truck safety Traditional Roadside Inspections Enhanced CMV Inspection Standard for AVs Percentage of trucks inspected Small percentage of trucks Over 20% of CMVs inspected had safety violations during a 3-day CVSA roadcheck1 100% of AV trucks Ensure
Slide 14: Ryder technicians operate transfer points and perform inspections on AV trucks
Ryder technicians operate transfer points and perform inspections on AV trucks 14CONFIDENTIAL & PROPRIETARY Partnerships with leading operators enable to stay focused on developing AV software to handle inspections Technicians record truck inspection data into Fleetio app inspection system Drivewyze
Slide 15: Embark is uniquely leading the way in autonomous trucking
15CONFIDENTIAL & PROPRIETARY Embark is uniquely leading the way in autonomous trucking Emergency Vehicle Interaction Demo Partnering with Texas DPS and Travis County Sheriff’s Office Vision Map Fusion Snow Testing In 90% of snowy runs, VMF is within shipper delivery windows Perfect On-Road Safety Re
Slide 16: What's next?
16CONFIDENTIAL & PROPRIETARY What’s next? Deliver Truck Transfer Program to Knight-Swift by end of 2022 Continue Partner Development Program expansion with leading carriers and shippers Deliver on technical milestones in our capability roadmap Continue expansion of Embark Coverage Map transfer point
Slide 17: Embark Trucking, Evolved.
; W EMBARK Trucking, Evolved.
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