We study the possibility to describe multiple M0-brane system in the frame of superembedding approach. The simplest framework is provided by the maximally supersymmetric non-Abelian SU(N) Yang-Mills supermultiplet on the d=1 N=16 superspace the embedding of which to the target D=11 supergravity superspace is determined by the so-called superembedding equation, characteristic of the worldline superspace of a single M0-brane. We use it to obtain a covariant generalization of the Matrix model equations describing the multiple M0-system in flat target superspace.

14 pages, LaTeX, no figures. V2. Misprints corrected, to appear in Phys. Lett. B.