Autonomous Trucking Firm Gatik Inks Contracts Worth $600 Million

Autonomous trucking startup Gatik AI Inc. signed a deal with a major consumer-goods company that will double its contracted revenue to $600 million over five years, helping the self-driving technology developer build out its business shipping goods in the US and Canada.

“This isn’t a demo, isn’t a pilot, it is a sustained commercial deployment at scale,” Gatik co-founder and Chief Executive Officer Gautam Narang said in an interview, without identifying the new partner company. “By the end of this year, we expect to have hundreds of trucks that would be revenue generating that would be driver-out as well.”