Gatik Partners with Alumni Ventures to Lead Autonomous Middle-Mile Logistics
Deal News | Nov 21, 2024 | Alumni Ventures Group LLC
Gatik, a leader in the autonomous middle-mile logistics market, has partnered with Alumni Ventures to advance its operations through cutting-edge technology and strategic alliances. Gatik operates an impressive commercial fleet of autonomous trucks, with a 100% safety record and more than 600,000 commercial deliveries facilitated for major brands like Walmart, Kroger, and Loblaw. Their business model focuses on fixed, repeatable delivery networks, which help to simplify routes and enhance safety. With an industry-first safety case assessment underway through collaboration with Edge Case Research and TV SD, Gatik is setting high standards in autonomous trucking. In addition, a recent strategic investment from Nippon Express Holdings underscores Gatik's expanding influence. Alumni Ventures is supporting Gatik's expansion plans during this period of growth, as the company seeks to scale freight-only operations significantly by 2025, working with Fortune 500 partners and entering new markets.
Sectors
- Autonomous Vehicles
- Logistics and Transportation
- Private Equity
Geography
- United States – Gatik operates its autonomous trucking fleet in North America and receives strategic backing from U.S.-based Alumni Ventures.
- Japan – Nippon Express Holdings, a Japanese firm, has recently invested in Gatik, indicating its global reach and interest.
Industry
- Autonomous Vehicles – The article centers around Gatik's operations in the autonomous trucking sector, aiming to revolutionize logistics with driverless technology.
- Logistics and Transportation – Gatik is engaged in middle-mile logistics, providing transportation solutions for major retail partners like Walmart and Kroger.
- Private Equity – Alumni Ventures, a Private Equity firm, is a key financial backer for Gatik, aiding in their expansion and technological advancements.
Financials
- $250 billion – Estimated market size of the middle mile logistics industry.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gatik | Target Company | Company | An autonomous trucking company focusing on middle-mile logistics operations. |
| Alumni Ventures | Private Equity Firm/Investor | Company | A private equity firm investing in innovative companies like Gatik to support their growth. |
| Walmart, Kroger, Loblaw | Commercial Partners | Company | Major retail partners benefiting from Gatik's autonomous trucking services. |
| Nippon Express Holdings | Investor | Company | A global logistics leader providing strategic investment in Gatik. |
| Edge Case Research and TV SD | Safety Assessment Collaborators | Company | Engaged in conducting safety case assessments for Gatik’s Freight-Only operations. |
| Laura (Bordewieck) Rippy | Managing Partner and Board Member | Person | An executive at Alumni Ventures who discusses Gatik's opportunities on AV’s Tech Optimist podcast. |