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TechCrunch
TechCrunch
1M ago 23 views

TechCrunch Mobility: Self-driving trucks startup Kodiak goes public and a shake-up at Hyundai’s Supernal

Gatik partners with Loblaw for autonomous deliveries, while Kodiak Robotics goes public, highlighting advancements in the self-driving truck sector.
TechCrunch Mobility: Self-driving trucks startup Kodiak goes public and a shake-up at Hyundai’s Supernal
A What happened
Gatik, an autonomous vehicle startup, has announced a significant partnership with Loblaw, Canada’s largest retailer, to deploy 20 autonomous trucks for middle-mile deliveries in the greater Toronto area by the end of 2025. This deal marks a major step in Gatik's operations, as the trucks will autonomously manage deliveries to over 300 retail locations. Concurrently, Kodiak Robotics has gone public via a merger with Ares Acquisition Corporation II, valuing the company at approximately $2.5 billion. Kodiak aims to enhance its self-driving truck technology for highway and industrial use, having raised $275 million in funding. The public debut comes amid a broader trend of increasing investment and interest in autonomous vehicle technology, despite ongoing challenges in the sector.

Key insights

  • 1

    Gatik's Expansion

    Gatik's partnership with Loblaw signifies a major advancement in autonomous logistics.

  • 2

    Kodiak's Public Debut

    Kodiak Robotics goes public, raising significant capital to enhance its self-driving technology.

  • 3

    Industry Growth

    The autonomous vehicle sector continues to attract investment despite its challenges.

Takeaways

The developments in autonomous vehicle technology reflect both progress and the complexities of the industry.