Gatik’s deployment with Walmart in Arkansas made history as the first time an autonomous trucking company removed the safety driver from a commercial delivery route on the middle mile anywhere in the world
MOUNTAIN VIEW, Calif. – November 10, 2022 – Gatik has been named by TIME as a Best Invention of 2022 on its prestigious annual list. The company was selected for its long-term commercial partnership with Walmart (NYSE: WMT) in Bentonville, Arkansas where it moves customer orders between a warehouse and a Neighborhood Market in its fleet of fully driverless box trucks. The milestone represents the first time that an autonomous trucking company has removed the safety driver from a middle mile commercial delivery route anywhere in the world.
A few months after launching fully driverless deliveries with Walmart, Gatik expanded its fully driverless solution with Canada’s leading food and pharmacy retailer, Loblaw Companies Limited (TSX: L, “Loblaw”). Gatik is now moving select online grocery orders, for Loblaw’s PC Express service, with a fleet of multi-temperature autonomous box trucks.
To compile the list, TIME solicited nominations from TIME’s editors and correspondents around the world, and through an online application process, paying special attention to growing fields – such as the electric vehicle industry, green energy, and the metaverse. TIME then evaluated each contender on a number of key factors, including originality, efficacy, ambition, and impact.
“We are humbled to have been named to the 2022 TIME Best Inventions list,” said Gautam Narang, Gatik’s CEO and co-founder. “We are especially proud that the selection honors the successful application of our solution in real-world, commercial environments. It’s only when groundbreaking technology becomes operationalized that its true impact can be felt by the end consumer. Recognition on TIME’s prestigious list belongs to the entire team who are working tirelessly to ensure the true advantages of autonomy can be felt across our customer base today.”
Unlike other autonomous trucking efforts, Gatik’s fully driverless deployments are not
one-time demonstrations. Gatik’s trucks are safely completing frequent, revenuegenerating, daily runs in a range of conditions on public roads, demonstrating the commercial and technical advantages of fully driverless operations in the middle mile, B2B sector. Gatik serves Fortune 500 customers in multiple states including Arkansas, Louisiana, and Texas, as well as in Ontario, Canada.
Gatik’s rapid commercial progress comes as a result of the company’s exclusive focus on fixed, repeatable delivery routes to maximize safety and efficiency, using proprietary, commercial-grade autonomous technology that is purpose built for the middle mile. By constraining the operating environment, Gatik has been able to achieve the safe removal of the safety driver much more quickly compared to other applications, such as passenger transportation, long-haul trucking or B2C delivery.
In addition to being named as one of the TIME Best Inventions 2022, Gatik has made the FreightTech 25 2022 list; been named to Forbes’ list of America’s Best Startup Employers 2022 and Fast Company’s World Changing Ideas 2022 list; included on Business Insider’s Rising Stars of the Self-Driving Industry list; and named to Inc. Magazine’s Female Founders List in 2022. Gatik is actively recruiting and hiring for multiple positions to support the company’s intensive growth. More information about career opportunities at Gatik is available here.
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.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.
Gatik and the Gatik logo are trademarks of Gatik AI Inc. All other trademarks, service marks, and company names mentioned herein are the property of their respective owners.
Media Contact:
Aarthi Sivaraman
aarthi.sivaraman@gatik.ai