Recognition for Leadership in Autonomous Trucking
MOUNTAIN VIEW, Calif. – November 29, 2021 – Automotive News has named Gautam Narang, CEO and co-founder of Gatik, a 2021 Automotive News All-Star in the Mobility category. This prestigious award recognizes outstanding leaders in the Autonomous Trucking industry. It highlights individuals who have made industry-defining contributions in their field.
Driving Breakthroughs in Autonomous Trucking
Throughout 2021, Narang led Gatik during a year of unprecedented success. Earlier in the month, the company announced fully driverless operations with Walmart in Bentonville, Arkansas. The company moved customer orders between a dark store and a retail location using its fleet of multi-temperature autonomous box trucks. This milestone represents a worldwide first for the autonomous trucking industry. It marks a revolutionary breakthrough in commercializing autonomous delivery safely and at scale in the B2B short-haul logistics sector.
Expanding Fully Driverless Autonomous Trucking Operations
“I’m honored to receive this award during a time of momentous change and meaningful impact for the autonomous trucking sector,” said Gautam Narang, CEO and co-founder of Gatik.
“Our achievements this year validate our exclusive focus on the middle mile. They ensure that our customers benefit from the real advantages of autonomous goods movement today. Automotive News’ recognition reflects the strength of the Gatik team and our commitment to supply chain innovation and excellence.”
Major 2021 Milestones in Autonomous Trucking
Gatik achieved several significant milestones in 2021.In August, the company announced an $85 million funding round. Koch Disruptive Technologies (KDT) led the round. During the same period, Gatik expanded operations into Texas with new customers. In February, Gatik launched its industry-first electric autonomous box trucks. The company deployed them in partnership with Walmart at a second site in Louisiana. In April, Gatik announced a partnership with Isuzu. This collaboration implemented OEM-grade redundancies for medium-duty trucks. These redundancies are critical for fully autonomous operations. Gatik remains the only company in North America offering Class 3–6 autonomous box trucks. The company deploys these vehicles for Fortune 500 customers. It generates revenue with every order.
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.
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Media Contact:
Aarthi Sivaraman
aarthi.sivaraman@gatik.ai
