Ryder’s corporate venture capital arm RyderVentures has also invested $85 million in Gatic’s latest funding round, which was announced in August.
see photosAs part of the partnership, Gatik Ryder . will lease a fleet of medium-duty trucks from
Truck fleet operators Ryder Systems Inc. and Gatic said Tuesday they will build a national US autonomous short-haul, “middle-mile” logistics network for Silicon Valley self-driving startup Gatic to deliver goods to business customers. Ryder’s corporate venture capital arm RyderVentures has also invested $85 million in Gatic’s latest funding round, which was announced in August. Gatic works with Walmart Inc. and Lobla Co. Ltd. to deliver goods from warehouses to retail stores using autonomous trucks with safety drivers – although there are already some driverless deliveries underway in Arkansas.
As part of the partnership, Gatic will lease a fleet of medium-duty trucks from Ryder — initially about 20 vehicles in the Dallas area. Gatik will add its autonomous driving system to trucks that deliver goods to retail locations from fulfillment centers or “dark stores” distribution centers that cater to e-commerce business. The rider will also service and maintain Gatik’s leased trucks. “The significance and importance of this partnership is that it enables us to expand our footprint across the country,” Gatik Chief Executive Officer Gautam Narang told Reuters.
The rider will also service and maintain the truck leased to Gatik
The Miami-based rider has worked to build self-driving expertise. Rider, Google parent Alphabet Inc. Manages and maintains a test fleet for the Waymo Via, its self-driving truck unit. Self-driving truck technology company TuSimple Holdings Inc. is using Ryder’s maintenance sites as terminals to help it expand its US autonomous freight network. And self-driving truck technology developer Embark Trucks Inc. has teamed up with Ryder to launch a US network of transfer points to support Embark’s coast-to-coast autonomous operations.
Embark is merging with blank-check firm Northern Genesis Acquisition Corp. II. “We want to be a leader in understanding how this all works,” said Karen Jones, Ryder’s chief marketing officer. “Ultimately, connecting with these customers early is the best way to do this.”
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