@itsolelehmann: Waymo gets all the attention, but i think self-driving trucks will be even more important because they'll make *everyth…

Waymo gets all the attention, but i think self-driving trucks will be even more important because they’ll make everything cheaper

Gatik runs autonomous trucking fleets to automate the movement of $14 trillion worth of goods across America every year

the opportunity is enormous because driver pay and benefits make up more than 40% of the cost of operating a truck

federal rules also cap drivers at 11 hours behind the wheel before they need 10 hours off, so every truck’s capacity is tied to human working hours

Gatik attacks both constraints by starting with the “middle mile,” where trucks repeat fixed routes between warehouses and stores every day

because the roads, turns, and loading docks stay familiar, its AI has a much smaller world to master

once the AI can handle that route alone, each truck can make more trips per day while cutting the industry’s largest operating cost

that model has already completed 100,000+ fully driverless orders with 99%+ delivered on time, while operating inside PepsiCo and Loblaw supply chains

they just raised $200M at a $1B valuation

customer demand is so strong right now it literally exceeds the number of trucks Gatik can supply

freight costs are baked into the price of basically everything we buy.

make trucking dramatically cheaper, and cost of goods gets cheaper too

Gautam Narang (@gautam_narang): $200M raised. Driverless freight operating commercially today. Customers like @pepsico already relying on us. Demand accelerating.

This round is a strong vote of confidence in the business @Gatik_AI has built and gives us the capital to scale it much faster. Thank you Qatar