Ryder Backs Gatik For Autonomous Delivery Network for B2B Short-Haul Logistics
October 20, 2021
System and Gatik started a multi-year partnership designed to establish an
autonomous logistics network for Gatik’s customers in the U.S. and Canada.
Gatik’s latest funding round totaling $85 million includes an investment from
Ryder’s corporate venture capital fund RyderVentures, which aims to invest in
and partner with early-stage companies that are developing new technologies and
business models that deliver advancements and automation in the logistics and
transportation industries. The funding represents RyderVentures’ first
investment in an autonomous trucking company.
Through the broader partnership, Gatik will lease from Ryder a fleet of
medium-duty, multi-temperature box trucks designed for transporting goods to
retail locations from micro-fulfillment centers or dark stores—distribution
centers that cater exclusively to e-commerce. Gatik will integrate its
commercial-grade autonomous driving technology into the leased fleet, enabling
Gatik to provide its Autonomous Delivery as a Service (ADaaS) model to its new
and existing customers. In addition to providing the leased vehicles, Ryder will
service and maintain the trucks, including calibration of autonomous vehicle
sensors and the necessary pre- and post-trip inspections.
Going forward, Ryder and Gatik will explore opportunities for Ryder to manage
the logistics operations of the autonomous fleet as well, allowing Gatik to
focus on its unique, end-to-end ADaaS business model and manage long-standing
relationships with its customer base.
combination of maintaining direct relationships with customers while being
asset-light has never been achieved in the autonomous trucking industry before,”
said Gautam Narang, CEO and co-founder, Gatik. “This partnership enables us to
benefit from Ryder’s world-class expertise in commercial vehicle servicing and
maintenance, and leverage Ryder’s North American infrastructure to expand our
fleet to multiple markets quickly. Ryder has consistently demonstrated
commitment to innovation and serving their customers’ needs – core principles
that resonated deeply with us.”
The goal of the partnership is to expand quickly across the U.S. and Canada,
with the initial focus on the Dallas-Fort Worth area.
“One of our focus areas, not only for RyderVentures but for Ryder as a company,
is on autonomous trucking technology. It’s on track to solve a host of industry
pain points. Think about ever-escalating consumer demands combined with capacity
constraints, driver shortages, and regulatory and safety pressures,” says Karen
Jones, chief marketing officer and head of new product development for Ryder.
“Gatik’s commitment to safety, focus on efficiency and affordability, and unique
approach to structured autonomy make it a leader in autonomous middle-mile
delivery—and a great partner for Ryder.”