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Tokyo, August 23, 2024 /PRNewswire/ — NIPPON EXPRESS HOLDINGS, INC., through NX Global Innovation Fund, invested in Gatik AI Inc. (“Gatik”), a company developing autonomous driving technology for commercial vehicles and autonomous vehicle-based logistics services in North America, on Tuesday, August 20.
Gatti Logo: https://kyodonewsprwire.jp/img/202408205135-O3-j1d7H638
NX logo: https://kyodonewsprwire.jp/img/202408205135-O1-W5Zm73Ks
About Gatti
Gatik is a startup founded in the United States in 2017 that provides logistics services using self-driving trucks. The company has expertise not only in the development of autonomous driving software, but also in the overall design, testing and evaluation of autonomous vehicles, and has successfully completed the world’s first commercial delivery using an unmanned vehicle on public roads in 2021. Medium-distance business-to-business (B-to-B) logistics, and uses autonomous vehicles to provide logistics services, making “intermediate” deliveries between shippers’ intermediate warehouses and between warehouses and stores. The company has expanded its operations in North America, working with major U.S. retailers such as Walmart and Kroger, as well as food and beverage manufacturers and other shippers that handle everyday goods and food.
photo: https://cdn.kyodonewsprwire.jp/prwfile/release/M103866/202408205135/_prw_PI4fl_81008g53.jpg
Investment background and objectives
Autonomous driving technology has attracted widespread attention as a solution to social problems such as aging drivers, human resource shortages, explosive growth in labor costs, traffic accidents caused by human errors, and an increase in the number of people with mobility impairments due to aging. The Japanese government announced a policy to allow autonomous vehicles to operate year-round on public roads in all prefectures by this fiscal year. 2025, etc. Efforts to mine large quantities of oil and gas are accelerating. Improved operational efficiency is also expected to reduce fuel consumption compared to manned operations, helping to meet society’s growing need to decarbonize.
NX Group serves the logistics needs of clients across a variety of industries and provides “midstream” logistics services to many of these clients, including the delivery of raw materials to factories or the shipping of finished products. Through its capital tie-up with Gatik, whose efforts are compatible with this business model, the Group seeks to deepen its understanding of the cutting-edge autonomous truck industry. The Group also hopes to collaborate with Gatik in the United States and elsewhere around the world.
The NX Group will continue to resolve social issues by conducting business in collaboration with startups in Japan and abroad, and contribute to the realization of a sustainable society in which all people can lead productive and fulfilling lives.
Company Profile
Company Name: Gatik AI Inc.
Headquarters address: 161 Evelyn Ave, Mountain View, California 94041 United States
Year of creation: 2017
represent: Gautam Narang
Company profile: Development of autonomous driving systems, peripheral functions and tools, and provision of autonomous logistics services
Website URL: https://gatik.ai/
About NX Group: https://kyodonewsprwire.jp/attach/202408205135-O1-P1Z2dzZa.pdf
NX Group official website: https://www.nipponexpress.com/
NX Group official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/
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