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Stock impact report

‘Hundreds’ Of Gatik Robot Delivery Trucks Headed For U.S. Roads [Forbes]

ISUZU MOTORS UNSP/ADR (ISUZY) 
NASDAQ:AMEX Investor Relations: isuzu.co.jp/world/investor/index.html
Company Research Source: Forbes
Gatik plans to have hundreds of robotic delivery trucks operating in the U.S. and Canada by the of end of 2026. Gatik Gatik, a Silicon Valley startup developing self-driving delivery trucks, says its commercial operations are about to scale up dramatically, from fewer than a dozen driverless units running in multiple U.S. states now to hundreds of box trucks by the end of the year. CEO Gautam Narang said it's also booked contracts with retailers worth at least $600 million for its automated fleet. “We have 10 fully driverless, revenue-generating trucks on public roads. Very soon, in the coming weeks, we expect that increase to 60 trucks,” he told Forbes . “We expect to end the year with hundreds of driverless trucks – revenue-generating – deployed across multiple markets in the U.S.” Though the Mountain View, California-based company hasn't raised as much funding as rivals, including Aurora, Kodiak and Canada's Waabi, Gatik said it's actually scaling up faster than any other Show less Read more
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