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Gautam Narang

๐Ÿ‘ค Speaker
37 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

For sure.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

So as you know, Gatik is in the business of autonomous freight.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

And today we are announcing that we are operating fully driverless, freight-only trucks with no safety driver, no safety observer across real freight operations, multiple markets today.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

10 trucks today.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

Over hundreds of trucks.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

But very soon in the coming weeks, we'll have over 60 trucks fully driverless on public roads doing daily commercial operations at scale.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

So, you know, today we are live across multiple markets.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

This is Texas, Northwest Arkansas, Phoenix.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

We work very closely with the regulators at the local level, state level, federal level.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

And from the early days, we decided to focus on automating these regional networks, which is within the states.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

And that's one of the fastest ways to commercialize this technology.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

So today we are working with some of the largest companies across retail, grocery, e-commerce, and distribution.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

So each of these customers have made multi-year commitment.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

What's unique about these commitments is these are non-cancellable commitments where our technology is now being absorbed across their supply chain at scale.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

So it's an autonomous transportation as a service model.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

As a service, yes.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

Where we charge a fixed fee per truck per year.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

And each of these commitments are multi-year long.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

So we have revenue certainty from each of these customers.

Bloomberg Tech
Tech Stocks Lead Charge Toward Record

And that's also very unique compared to some of the other models in our space.

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