Mountain View, California, 21 August 2024 – Gatik, the leader in autonomous middle-mile logistics, today announced a strategic investment from NIPPON EXPRESS HOLDINGS, INC. (NX Group), a global logistics leader. This investment will further strengthen Gatik’s position in the North American logistics landscape, accelerating the deployment of its autonomous technology across the region.
Gatik’s momentum continues to build as the company leverages a series of strategic investment partnerships to solidify its leadership in the middle-mile segment of the supply chain. Specializing in the often-overlooked routes between distribution centers, fulfillment centers and retail locations, Gatik addresses critical challenges like driver shortages and supply chain inefficiencies, resulting in faster deliveries and reduced costs. With its autonomous transportation network already operating successfully in regions such as Texas and Arkansas in the U.S., and Ontario, Canada, Gatik is reshaping the North American logistics landscape. Recent investment partnerships with Isuzu Motors and ITOCHU further accelerate this transformation, underscoring the industry’s confidence in Gatik’s safe, transparent, and regulator-approved approach to middle-mile autonomy.
“Middle-mile autonomy is undoubtedly the first application in autonomous trucking to achieve scale in commercial applications. It’s also critical for solving the most pressing logistics issues businesses are facing today—ensuring faster deliveries, addressing growing labor shortages, reducing costs, and meeting the rising demand for goods in this era of rapid e-commerce growth,” said Gautam Narang, CEO and co-founder of Gatik. “Our investment partnership with NX Group is a testament to the impact we’re making in North America and the confidence of global partners in our ability to meet the evolving needs of our customers.”
Since its founding in 2017, Gatik has been at the forefront of the autonomous logistics industry, pioneering the use of autonomous vehicles (AVs) for middle-mile deliveries and achieving the world’s first fully autonomous deliveries with Walmart in 2021. By focusing on shorter, fixed, and repeatable routes, Gatik has commercialized its autonomous technology more rapidly than long-haul solutions, which face more significant regulatory hurdles and unpredictable driving conditions. This focus on middle-mile logistics provides Gatik with a unique competitive advantage, enabling quicker deployment of its technologies, reducing time to market, and effectively addressing the challenges of the logistics sector.
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.
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Media Contact:
Aarthi Sivaraman
aarthi.sivaraman@gatik.ai
