ORIGINAL ARTICLE, businesswire.com, October 19, 2021
Partnership leverages Ryder’s expertise in fleet servicing and maintenance to commercialize autonomous delivery at scale for Gatik’s customers across U.S. & Canada
MIAMI & MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, and Gatik, a leader in automating on-road transportation for short-haul, middle-mile logistics, announce 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.
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