Introducing the Electric Autonomous Box Truck for Middle Mile Logistics
PALO ALTO, Calif. – February 17, 2021 – Gatik, an autonomous technology company specializing in B2B short-haul logistics, today announced its electrification strategy. The company introduced the industry’s first Electric Autonomous Box Trucks. These new Electric Autonomous Box Trucks feature an all-electric powertrain. They boast a range of 120 miles, also they can reach full charge in less than 1.5 hours. They provide an energy-efficient autonomous solution to optimize freight movement on the middle mile.
Deploying the Electric Autonomous Box Truck in New Orleans
Gatik will deploy the first Electric Autonomous Box Truck for customers in New Orleans in February 2021. The vehicle is based on an existing OEM chassis. Gatik collaborated with VIA Motors to produce the new vehicles. VIA Motors is a leading OEM of electric commercial vehicles with superior life-cycle economics. These vehicles include VIA Motor’s proven advanced electric drive technology. The updated vehicle architecture delivers powerful advantages to Gatik’s customers. It significantly reduces emissions. It lowers fuel and powertrain maintenance costs. Customers can pass these savings directly to consumers. Gatik is working closely with its customers. The company is installing charging stations at distribution hubs and vehicle depots. This maximizes operational efficiency and economics.
Advancing Sustainability with the Electric Autonomous Box Truck
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Helping our customers meet their ambitious emissions targets is a key pillar of our long-term strategy. Our Electric Autonomous Box Trucks define a new frontier in sustainability. They continue to offer the cost reductions and shorter delivery times our autonomous solution is known for,” said Gautam Narang, CEO & Co-Founder of Gatik. “The B2B short-haul market is ideally suited to electric technology because of the route lengths involved. Trucks can charge while teams load them. This enables continuous service during operational hours.”
Gatik offers customers a range of autonomous delivery vehicles between 11 and 26 feet in length. The company customizes each vehicle to deliver ambient, cold and frozen goods. The company’s product offerings ensure reliable capacity. They provide control over service levels for Fortune 500 retailers. They create a cost-effective way to scale hub-and-spoke operations. Gatik’s electrification strategy gives retailers the ability to automate their on-road transportation networks. It helps them meet corporate sustainability and reduced emissions goals.
About Gatik
Gatik is in the business of autonomous freight. The company operates driverless trucks daily for Fortune 50 retailers, grocers and CPG companies, moving freight between distribution centers and stores across Texas, Arizona, Arkansas, and Canada. Gatik has a strong safety record across its operations and is powered by the Gatik Driver™, a scalable, interpretable AI system purpose-built to enable safe, consistent, and high-frequency freight movement. For more information, visit gatik.ai.
Forward-Looking Statements
This news release contains “forward-looking statements” that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or Gatik’s future financial or operating performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies, revenue targets and trends we expect to affect our business. These statements often include words such as “contracted,” “anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “target”, “will,” “estimate,” “predict,” “potential,” “continue,” “scheduled”. Forward-looking statements may also be made, verbally or in writing, by members of our Board or management team in connection with this news release.
These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve and are subject to known and unknown risks, uncertainties and other important factors that may cause Gatik’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements, including Gatik’s ability to execute on its growth plans, any failure to comply with laws, rules, regulations or business practices that Gatik may become subject to as a result of any expansion of its business resulting from the financing, including Gatik’s ability to successfully execute on its growth strategies and operating plans, achieve its targeted annualized contracted revenue, continue to develop its existing customer base, design and deploy an expanded fleet of trucks on behalf of customers, and diversify and expand into the market for autonomous logistics solutions. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement included in this press release speaks only as of the date of such statement. Except as required by law, Gatik disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
The securities described herein have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and were offered and sold in a transaction exempt from registration under the Securities Act. The securities may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.
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Media Contact:
Aarthi Sivaraman
aarthi.sivaraman@gatik.ai
