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As for embedded... I've only dabbled. Yeah you're not going to run Elixir on an Arduino or other very minimal bare metal embedded processor. But the Nerves Project (https://nerves-project.org/) which runs Elixir directly on SBCs is very well regarded. But either way it doesn't matter, since I thought we were talking about web dev, which is where Phoenix and Elixir just make more sense, for me.
https://github.com/erlang/otp as far as I know. It's somewhat confusing and I honestly couldn't say exactly where the BEAM VM or OTP or ERTS (Erlang Runtime System) start and end. I've never dug into it. I just install Elixir and sometimes Erlang through the ASDF tool, which does all the compiling for me.