Autonomous delivery startup Gatik just raised a $25 million Series A and will now work with Canadian retail giant Loblaw, in addition to Walmart
Joe Williams
Loblaw, which operates over 2,000 stores in Canada, will initially deploy Gatik five vans that will drive roughly 186 miles per week and still include a human companion.
While Gatik CEO Gautam Narang declined to comment on the size of the Loblaw deal, he said the bulk of the firm's agreements are "multi-year partnerships" worth "multi-million dollars" each.
Canadian grocery giant Loblaw is partnering with startup Gatik to deploy the country's first autonomous delivery fleet, according to an announcement Monday.
Silicon Valley-based Gatik also has an ongoing partnership with Walmart and has raised roughly $30 million to-date, including a $25 million Series A round led by Wittington Ventures and Innovation Endeavors, also announced on Monday. Gatik declined to release its valuation, but PitchBook last pegged it at $58 million.
Loblaw operates over 2,000 stores in Canada and pulled in nearly $12 billion in revenue last year. Initially, the company will deploy five Gatik vans, which will each drive roughly 186 miles per week to deliver goods from a distribution center to physical retail stores. The vans operate autonomously as much as possible, though humans are still onboard.
The partnership pushes Gatik's total number of vehicles on the road for customers to 15. Overall, the startup's fleet has completed more than 30,000 revenue-generating autonomous orders since its founding in 2016.
While Gatik CEO Gautam Narang declined to comment on the size of the Loblaw deal, he said the bulk of its agreements are "multi-year partnerships" worth "multi-million dollars" each.
For Loblaw, the partnership could improve logistics operations, making it easier, for example, to get goods to stores, enabling faster pickup for the end-customer. The need for speed became apparent this year when consumers flooded retailers at the start of the pandemic. In fact, Gatik says the outbreak led to as much as a 90% increase in e-commerce orders among its customers.
Because of COVID-19, clients "wanted us to deploy these vehicles ahead of schedule. They wanted us to deploy more vehicles," said Narang.
The venture also helps Garik test its vans in a vastly different climate compared to the weather around Walmart's headquarters in Arkansas. Like other autonomous vehicle companies, the underlying technology supporting Gatik's fleet is shared, meaning that something a van learns on the road in Canada is shared with those in other parts of North America.
"The kind of conditions that we have in Canada are really attractive for us just from a winterization standpoint," Narang said.
The goal for Gatik is to perfect its tech to handle fixed, repeatable routes so that eventually humans won't need to ride along. While that strategy ultimately won't work for pedestrian vehicles, where there is too much variability, it could for Gatik because enterprises are often shipping items from brick-and-mortar distribution centers on the same paths each time. For Loblaw, the vans will use its automated picking facility in Toronto as a hub before exiting across five different spokes.
"This is our way of constraining the autonomy problem," Narang said. "By over-optimizing our technology on these routes, we can basically get to the market faster."
Gatik is targeting middle-mile delivery, so between where the goods arrive at the distribution center to the location where it will be delivered to the consumer — what Narang says is a segment that "was hugely underserved and it's very expensive for the retailers."
"These retailers are deploying multiple trucks with multiple drivers ... that's very costly," he added. "We are making their supply chain more efficient."
Joe Williams
Gatik and Loblaw joined forces to launch Canada's first autonomous delivery fleet. Gatik
Canadian retail giant Loblaw and startup Gatik are teaming up to launch an autonomous delivery fleet as the startup raises a $25 million Series A.
Loblaw, which operates over 2,000 stores in Canada, will initially deploy Gatik five vans that will drive roughly 186 miles per week and still include a human companion.
While Gatik CEO Gautam Narang declined to comment on the size of the Loblaw deal, he said the bulk of the firm's agreements are "multi-year partnerships" worth "multi-million dollars" each.
Canadian grocery giant Loblaw is partnering with startup Gatik to deploy the country's first autonomous delivery fleet, according to an announcement Monday.
Silicon Valley-based Gatik also has an ongoing partnership with Walmart and has raised roughly $30 million to-date, including a $25 million Series A round led by Wittington Ventures and Innovation Endeavors, also announced on Monday. Gatik declined to release its valuation, but PitchBook last pegged it at $58 million.
Loblaw operates over 2,000 stores in Canada and pulled in nearly $12 billion in revenue last year. Initially, the company will deploy five Gatik vans, which will each drive roughly 186 miles per week to deliver goods from a distribution center to physical retail stores. The vans operate autonomously as much as possible, though humans are still onboard.
The partnership pushes Gatik's total number of vehicles on the road for customers to 15. Overall, the startup's fleet has completed more than 30,000 revenue-generating autonomous orders since its founding in 2016.
While Gatik CEO Gautam Narang declined to comment on the size of the Loblaw deal, he said the bulk of its agreements are "multi-year partnerships" worth "multi-million dollars" each.
For Loblaw, the partnership could improve logistics operations, making it easier, for example, to get goods to stores, enabling faster pickup for the end-customer. The need for speed became apparent this year when consumers flooded retailers at the start of the pandemic. In fact, Gatik says the outbreak led to as much as a 90% increase in e-commerce orders among its customers.
Because of COVID-19, clients "wanted us to deploy these vehicles ahead of schedule. They wanted us to deploy more vehicles," said Narang.
The venture also helps Garik test its vans in a vastly different climate compared to the weather around Walmart's headquarters in Arkansas. Like other autonomous vehicle companies, the underlying technology supporting Gatik's fleet is shared, meaning that something a van learns on the road in Canada is shared with those in other parts of North America.
"The kind of conditions that we have in Canada are really attractive for us just from a winterization standpoint," Narang said.
The goal for Gatik is to perfect its tech to handle fixed, repeatable routes so that eventually humans won't need to ride along. While that strategy ultimately won't work for pedestrian vehicles, where there is too much variability, it could for Gatik because enterprises are often shipping items from brick-and-mortar distribution centers on the same paths each time. For Loblaw, the vans will use its automated picking facility in Toronto as a hub before exiting across five different spokes.
"This is our way of constraining the autonomy problem," Narang said. "By over-optimizing our technology on these routes, we can basically get to the market faster."
Gatik is targeting middle-mile delivery, so between where the goods arrive at the distribution center to the location where it will be delivered to the consumer — what Narang says is a segment that "was hugely underserved and it's very expensive for the retailers."
"These retailers are deploying multiple trucks with multiple drivers ... that's very costly," he added. "We are making their supply chain more efficient."
This Swedish startup created an electric, autonomous freight vehicle that it says will hit roads next year
Brittany Chang
The Pod comes in four variations for four different uses, and two of the variants will be delivered to customers next year.
Brittany Chang
The Next Gen Pod. Einride
Einride has created what it calls the world's first electric autonomous heavy cargo transport vehicle that has been driven on public roads: the Pod.
Einride has created what it calls the world's first electric autonomous heavy cargo transport vehicle that has been driven on public roads: the Pod.
The Pod comes in four variations for four different uses, and two of the variants will be delivered to customers next year.
The Sweden-based company has now worked with names like Oatly, Coca-Cola, Lidl, and DB Schenker.
"What sets us apart is our full-scale approach to sustainable autonomous freight development that's based on the needs of our customers, allowing us to tailor these solutions for real-world use," Einride's CEO and Robert Falck told Business Insider in an email interview.
Einride created the Pod, an autonomous electric heavy cargo transport vehicle.
There are, of course, other automakers and startups venturing into the autonomous cargo delivery segment. However, according to Einride's CEO and founder Robert Falck, unlike other companies, Einride's Pods are "customer and use-tailored."
"What sets us apart is our full-scale approach to sustainable autonomous freight development that's based on the needs of our customers, allowing us to tailor these solutions for real-world use," Falck wrote to Business Insider in an email interview. "We believe the strongest business case is to remove the driver from the vehicle to operate it remotely, and operate only with electric drivetrains to improve sustainability and reduce costs."
Read more: Tesla has released 'full self-driving' in beta — here's how experts rank it, Waymo and 16 other power players in the world of self-driving cars
And unlike other makers, the Sweden-based company's Pod is the world's first electric autonomous transport vehicle to be driven on public roads, according to its maker.
According to Einride, the Pod lineup and the company's "Freight Mobility Platform" offers several benefits, such as a slash in emissions and operational costs, and an increase in safety. The use of Einride's Pod and platform — which will be available in US — also provides a 200% productivity boost compared to the diesel vehicles that companies use today, according to Einride.
Reservations are now open for the autonomous electric transport (AET) vehicles, which can be be mass produced and "commercialized."
According to Einride, the exterior design and its rounded edges make the vehicle aerodynamic without decreasing its interior storage capacity.
The Next Gen Pod at the Top Gear track. Einride
“We designed the Pod from the ground up to present the best possible business case for road freight utilizing autonomous and electric technology,” Falck told Business Insider in the email interview. “If we’re going to make transport both sustainable and cost-competitive, AET solutions like the Pod are the only way forward.”
“We designed the Pod from the ground up to present the best possible business case for road freight utilizing autonomous and electric technology,” Falck told Business Insider in the email interview. “If we’re going to make transport both sustainable and cost-competitive, AET solutions like the Pod are the only way forward.”
The Next Gen Pod at the Top Gear track. Einride
The road-legal Pod has no cab for a driver. According to Falck, not having a driver's area reduces costs and the impact on the electric drivetrain, making the price of the Pod comparable to diesel trucks.
The road-legal Pod has no cab for a driver. According to Falck, not having a driver's area reduces costs and the impact on the electric drivetrain, making the price of the Pod comparable to diesel trucks.
The Next Gen Pod. Einride
"With our recent brand identity project, a central focus was on the symbiotic relationship between software and hardware in freight mobility," Einride's CMO and co-founder Linnéa Kornehed said in a statement. "It's a symbol of our accomplishments in pioneering the category of AET, but also emphasizes our commitment to developing software solutions that make the transition to sustainable freight seamless."
"With our recent brand identity project, a central focus was on the symbiotic relationship between software and hardware in freight mobility," Einride's CMO and co-founder Linnéa Kornehed said in a statement. "It's a symbol of our accomplishments in pioneering the category of AET, but also emphasizes our commitment to developing software solutions that make the transition to sustainable freight seamless."
The Next Gen Pod. Einride
Einride is offering four different Pod types that all have varying uses.
Einride is offering four different Pod types that all have varying uses.
The Next Gen Pod at the Top Gear track. Einride
For example, AET 1, the "fenced' level, is good for use in "closed facilities" with set operational routes and times. The AET 1 can reach up to almost 19 miles-per-hour, has a range between about 81 to 112 miles, and has a payload of 16 tons.
For example, AET 1, the "fenced' level, is good for use in "closed facilities" with set operational routes and times. The AET 1 can reach up to almost 19 miles-per-hour, has a range between about 81 to 112 miles, and has a payload of 16 tons.
The Next Gen Pod. Einride
Source: Einride
The AET 2, designated for "nearby" use, is good for the aforementioned closed spaces, as well as travel on public roads between two close locations. The AET 2 has the same payload, range, and miles-per-hour specs as the AET 1.
Source: Einride
The AET 2, designated for "nearby" use, is good for the aforementioned closed spaces, as well as travel on public roads between two close locations. The AET 2 has the same payload, range, and miles-per-hour specs as the AET 1.
The Next Gen Pod at the Top Gear track. Einride
Source: Einride
The pre-orders for AET 1 and AET 2 are now available, and Einride will begin shipping the vehicles to customers next year. The other two Pod types, the AET 3 and AET 4, are also available for reservations, but Enride will not begin shipping these two until 2022 to 2023.
Source: Einride
The pre-orders for AET 1 and AET 2 are now available, and Einride will begin shipping the vehicles to customers next year. The other two Pod types, the AET 3 and AET 4, are also available for reservations, but Enride will not begin shipping these two until 2022 to 2023.
The Next Gen Pod at the Top Gear track. Einride
The AET 3, classified for "rural" use, can be operated on less crammed main and back roads between two locations. This vehicle can travel at almost 28 miles-per-hour, has a range between 124 to 186 miles, and has a payload of up to 16 tons.
The AET 3, classified for "rural" use, can be operated on less crammed main and back roads between two locations. This vehicle can travel at almost 28 miles-per-hour, has a range between 124 to 186 miles, and has a payload of up to 16 tons.
The Next Gen Pod at the Top Gear track. Einride
The AET 4, labeled for "highway" use, is faster at almost 53 miles-per-hour and can be operated on freeways and "major roads." The AET 4 has the same aforementioned specs as the AET 3.
The AET 4, labeled for "highway" use, is faster at almost 53 miles-per-hour and can be operated on freeways and "major roads." The AET 4 has the same aforementioned specs as the AET 3.
The Next Gen Pod. Einride
Source: Einride
Each AET level has different "operational fees" at varying costs. For example, the vehicles all cost $10,000 to reserve, but the AET 1 has a monthly $18,000 operational charge, and the AET 4's monthly fee is higher at $22,500.
Source: Einride
Each AET level has different "operational fees" at varying costs. For example, the vehicles all cost $10,000 to reserve, but the AET 1 has a monthly $18,000 operational charge, and the AET 4's monthly fee is higher at $22,500.
The Next Gen Pod. Einride
These additional monthly fees allow customers to use Eirnride's "freight mobility platform which will plan and operate the Pods, overseen by Einride-certified remote operators," according to the company. The platform also provides information like the vehicle's location, route, and energy.
These additional monthly fees allow customers to use Eirnride's "freight mobility platform which will plan and operate the Pods, overseen by Einride-certified remote operators," according to the company. The platform also provides information like the vehicle's location, route, and energy.
Einride's platform. Einride
Source: Einride (1) (2)
Customers like Oatly, Bridgestone, Coca-Cola, and Lidl have already expressed interest in Einride's line of products, which also includes "traditional" electric trucks.
Source: Einride (1) (2)
Customers like Oatly, Bridgestone, Coca-Cola, and Lidl have already expressed interest in Einride's line of products, which also includes "traditional" electric trucks.
The Next Gen Pod at the Top Gear track. Einride
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