Geek Techy
Self-driving truck companies, especially those supplying big rigs that transport goods from warehouse to warehouse and drive along highways, have been gaining a lot of traction with investors keen to jump on the emerging technology. Still, the technology is years away from removing the driver completely. Narang said Gatik and Walmart plan to test out fully driverless delivery in Arkansas later this year. âWe actually worked with the Arkansas State Highway Commission to get the approval to take the driver out,â said Narang. He said approval for that came in December.
Gatik, which works with Walmart Inc in Arkansas and Louisiana and Loblaw Companies Ltd in Canada to deliver goods to stores from warehouses using autonomous trucks with safety drivers, has seen a boom in business as the pandemic has boosted sales at grocery stores. âWhat I can share is our revenue is in the millions. So this is not a free service that we offer,â said co-founder and chief executive Gautam Narang. He said Gatikâs business model for now is to be a delivery service provider for retailers using self-driving technology rather than selling the technology to automakers. Gatik, which has raised nearly $30 million so far, said its trucks are owned by a major fleet operator which it isnât yet disclosing. So far it has been using the Ford Transit chassis for its existing fleet of autonomous delivery trucks.
Suggestion For You:
Ford Motor Co Executive Chairman Bill Fordâs venture capital fund Fontinalis Partners is an early investor in Gatik, according to Narang. The collaboration between Isuzu and Gatik is limited to the United States and Canada and Isuzu will provide engineering support to Gatik for retrofitting its Series N medium-duty trucks, said Shaun Skinner, who leads Isuzuâs commercial truck division in those two countries.
Isuzu North America Corporation is a unit of Japanâs Isuzu Motors Ltd.
The News Highlights
- Gatik, an autonomous startup in Silicon Valley, works with Isuzu to build delivery trucks
- Check the latest world news updates and information about business, finance, technology and more.
- Check the latest update on tech news
For Latest News Follow us on Google News
- Show all
- Trending News
- Popular By week
The budget provides money for new emergency operations centers in Brevard, Mount Dora
Summit Township will receive financial assistance to modernize the water pumping station
Market Street bank robbed shortly after opening, police said
Core Defense is a recent roguelike tower defence app for iOS and Android that is available now.
Mimaki launches new LED-UV large flatbed inkjet printers
iPad Pro 2021 is here: Everything you need to know
Live video game streaming reached 8.8 billion hours in the first quarter of 2021
