Gatik’s industry-leading solution is maximizing the near-term benefits of autonomous delivery for national retailers, eCommerce companies and distributors
MOUNTAIN VIEW, Calif. – March 2, 2022 – Gatik, the market leader in autonomous middle mile logistics has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies. Gatik was selected in the transportation category for its outstanding contributions to the sector in the past 12 months: increasing delivery frequency for multiple Fortune 50 customers, establishing reliability and speed across the supply chain’s middle mile and shaping the future of a sustainable, responsible logistics ecosystem.
Fast Company reviewed thousands of applications, honoring an exemplary group of businesses that have not only found a way to be resilient in the past year, but also those that have successfully turned challenges into impact-making processes, resulting in a meaningful impact on both industry and society as a whole.
“During a time in which the autonomous vehicle industry is undeniably under the spotlight, and rightfully so, Gatik’s exclusive focus on a solution that is achievable in the near-term is proving fundamental to the success of the AV industry,” said Gautam Narang, CEO and co-founder, Gatik. “Over the past year we’ve expanded our commercial operations with customers including Pitney Bowes, Georgia-Pacific and KBX in the USA, and achieved daily driver-out operations with Loblaw in Canada. Our continued commercial traction, coupled with significant technical progress, is a testament to our use case, business model and intense customer demand for our solution.”
“What a strange and thrilling year it has been to honor this year’s Most Innovative Companies. This year’s list compiles some of the most cutting-edge groundbreakers who are changing our world every single day, from legacy organizations like McDonald’s to institutions such as NASA. Everyone on this list does something completely, uniquely different, yet, they all have one thing in common: innovation.” said Fast Company editor-in-chief Brendan Vaughan.
Increasing consumer expectations are reshaping the logistics landscape. Consumer decisions are converging around speed, choice and price; in response, shippers have been forced to create an elastic, multi-channel experience, making their supply chains more flexible by moving warehouses and distribution centers much closer to their customers to facilitate access to goods in near real-time. This means a need for more trucks, more trips and more drivers within Gatik’s Operational Design Domain (ODD), which includes urban, semi-urban and highway operating environments, all at a time when an acute driver shortage and rising transportation costs are contributing to unreliability on the supply chain and falling profits.
Gatik focuses exclusively on fixed, repeatable delivery routes to maximize safety, 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 autonomous trucking applications, such as passenger transportation or B2C delivery.
The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. The feature provides a firsthand look at the inspiring and innovative efforts of companies across all sectors of the economy.
In 2022, Gatik was recognized as a TIME Best Invention, 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 and Self-Driving Industry Power Players lists.
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
