Wal-Mart Stores, Inc. (NYSE:WMT) - Gatik To Deploy Electric-

Wal-Mart Stores, Inc. (NYSE:WMT) - Gatik To Deploy Electric-powered Autonomous Vehicles In New Orleans


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Autonomous vehicle startup Gatik is already proving its technology can work in middle-mile delivery, but now it is adding a fully electric vehicle to the mix.
The company on Wednesday announced its electrification strategy, which includes the use of fully electric autonomous box trucks. The first vehicles will hit the roadways this month in New Orleans.
"Helping our customers as they meet their ambitious emissions targets is a key pillar of our long-term strategy. Our electric autonomous box trucks are defining a new frontier in sustainability while continuing to offer the cost reductions and shorter delivery times our autonomous solution is known for," said Gautam Narang, CEO and co-founder of Gatik. "The B2B short-haul market is ideally suited to electric technology thanks to the route lengths involved. Trucks can charge while they're being loaded, enabling continuous service during operational hours."

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