Company recognized for historic technical achievements in supply chain innovation and commercial application of autonomous middle mile solution
MOUNTAIN VIEW, Calif. – November 3, 2022 – Gatik, the market leader in autonomous middle mile logistics has been named to the prestigious FreightTech 25 list which honors innovation and disruption within the freight industry. The annual list, first launched in 2019, is compiled by FreightWaves, the world’s leading supply chain intelligence platform.
Companies recognized on the FreightTech 25 list are chosen because of their innovative and disruptive contributions to the freight technology sector. Each year, they’re selected from the FreightTech 100 by a handpicked group of CEOs, industry leaders and investors actively investing in freight.
“We’re living in a time when delivering on the promise of supply chain innovation has never been more important to our customers,” said Gautam Narang, CEO and cofounder, Gatik. “Our inclusion on the FreightTech 25 not only validates the customercentric approach we’ve taken to the deployment of our autonomous solution, but also the significant impact we’re having on solving some of the most acute supply chain challenges in middle mile logistics.”
Inclusion on the list is recognition of Gatik’s historic technical and commercial achievements during the past 12 months. In August 2021, Gatik became the first and only autonomous trucking company worldwide to operate fully driverless, middle mile commercial deliveries, doing so with Walmart in Bentonville, Arkansas. In 2022, the company expanded its fully driverless operations to Canada with the nation’s largest retailer, Loblaw, another historic first for the autonomous trucking industry. Gatik also significantly expanded its commercial presence in the Dallas-Fort Worth metro area, announcing multi-year commercial partnerships with Georgia-Pacific & KBX, and Pitney Bowes.
In addition to the FreightTech 25, Gatik was also 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
