UPDATE - Gatik Raises $85 Million in Series B Funding Led by Koch Disruptive Technologies (KDT) to Scale Its Fleet of Autonomous Box Trucks Across North America forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
Gatik and Isuzu North America Corporation Form Strategic Collaboration to Develop and Evaluate Fully Autonomous Medium Duty Trucks
April 06, 2021 07:00 ET | Source: Gatik Gatik Palo Alto, California, UNITED STATES
PALO ALTO, Calif., April 06, 2021 (GLOBE NEWSWIRE) Gatik and Isuzu North America Corporation have agreed to collaborate on a project to develop and evaluate fully autonomous medium-duty trucks. Gatik is the industry leader in automating on-road transportation networks for B2B middle-mile logistics. Isuzu has consistently been at the forefront of truck evolution, introducing iconic models of superlative quality and reliability in the U.S. and Canadian markets. This collaboration is an industry first in the medium duty category and will accelerate the commercialization of autonomous delivery fleets while contributing to a safer and more sustainable logistics community in the future.
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Following partnership with Loblaw, Gatik receives nearly $1 million from Ontario government
Gatik, a California and Toronto-based autotech startup, has received $997,000 from the Government of Ontario to accelerate the research and development of the company’s autonomous vehicle technology.
Gatik claims short-haul logistics represents a $1 trillion market.
The investment follows Gatik ramping up its presence in Ontario over the last few years. The province’s investment comes from the Autonomous Vehicle Innovation Network’s (AVIN) R&D Partnership Fund.
The funding will also be used to help Gatik accelerate R&D efforts to test, measure, and demonstrate the operational efficiencies generated by autonomous delivery adoption. As part of this project, Gatik is also making use of AVIN’s regional sites across the province to access R&D resources, tools, equipment, and Ontario talent.
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