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Goodyear Invests In Autonomous Trucking Company Gatik

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Shivani Kumaresan
·1 min read
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  • GT
    Watchlist

  • Goodyear Tire & Rubber Co (NASDAQ: GT) has announced a multi-year collaboration with Gatik to advance mobility solutions for the autonomous B2B short-haul logistics industry.

  • Under the collaboration, Goodyear's venture capital fund, Goodyear Ventures, has participated in Gatik's recently announced Series B funding. The financial terms of the deal were not disclosed.

  • Gatik has established the autonomous middle mile logistics network in North America and is expanding its fleet of Class 3-6 autonomous box trucks for customers in multiple markets, including Texas, Arkansas, Louisiana, and Ontario.

  • Gatik's medium-duty fleet will use tires equipped with tire intelligence technology powered by Goodyear SightLine.

  • Price Action: GT shares traded lower by 1.23% at $18.43 in premarket on the last check Tuesday.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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