Gatik was selected for establishing the first autonomous Middle Mile logistics network in North America which reduces labor costs, increases supply chain efficiency and enhances safety for all road users
PALO ALTO, Calif. – June 15, 2021 – Gatik, the market leader in automating on-road transportation networks for B2B middle-mile logistics, announced today that it has been named as a World Economic Forum Technology Pioneer. This prestigious list consists of companies from around the world that are involved in the use of new technologies and innovation that are poised to have a significant impact on business and society. Companies selected in the past include Google, AirBnB, Twitter and Spotify.
“We’re excited to welcome Gatik to our 2021 cohort of Technology Pioneers,” said
Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum. “Gatik and its fellow pioneers are developing technologies that can help society solve some of its most pressing issues. We look forward to their contribution to the World Economic Forum in its commitment to improving the state of the world.”
“It’s a privilege to be acknowledged as a Technology Pioneer by the World Economic
Forum”, said Gautam Narang, CEO and Co-Founder, Gatik. “With the global supply chain in the spotlight, our autonomous solution is more relevant than ever. We have a dedicated fleet that gives back control and reliability to our customers, meaning resilient hub-and-spoke operations, reduced costs and a constant flow of goods. Operating on
fixed, repeatable routes is the most effective way to deploy autonomous vehicles safely and at scale – the World Economic Forum’s recognition of our solution validates the strength of this approach.”
Gatik is the only company in North America to offer Class 3-6 autonomous trucks on the
Middle Mile that enable safe, affordable, reliable delivery of goods in near-real time. With their selection as a Technology Pioneer, Gatik will be invited to participate at World Economic Forum leadership events throughout the year. Gatik will also contribute to Forum initiatives over the next two years, working with global leaders to help address key industry and societal issues. Gatik’s inclusion is based on the company’s relevance to the World Economic Forum’s Platforms and the Technology Pioneer community’s selection criteria which includes innovation, impact and leadership.
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
