TechCrunch Mobility: Self-driving trucks startup Kodiak goes public and a shake-up at Hyundai's Supernal | TechCrunch
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TechCrunch Mobility: Self-driving trucks startup Kodiak goes public and a shake-up at Hyundai's Supernal | TechCrunch
"The deal is notable, and not just because of the fleet size. As Narang explained to me, the trucks will be handling the full regional network for Loblaw. This means these third-generation AV trucks will operate autonomously to pick up products from two distribution centers and make deliveries to over 300 retail stores. "These are multiple brands within the Loblaw umbrella," he said."
"Next up is Kodiak Robotics, another startup I have reported on since its founding. The company, which is developing self-driving trucks for highway, industrial, and defense uses, began trading on Nasdaq this week under the tickers KDK and KDKRW. The company, which is now called Kodiak AI, went public via a merger with special-purpose acquisition company Ares Acquisition Corporation II, an affiliate of Ares"
The autonomous vehicle industry remains years or decades from maturity and retains a Wild West quality despite steady technological progress. Gatik secured a multi-year, expanded commercial partnership with Canada's largest retailer, Loblaw, to deploy 20 autonomous middle-mile trucks by the end of 2025 and another 30 by the end of 2026. The trucks will handle Loblaw's full regional network, autonomously picking up products from two distribution centers and delivering to over 300 retail stores across multiple brands. Kodiak Robotics, now Kodiak AI, began trading on Nasdaq under tickers KDK and KDKRW after a SPAC merger, advancing self-driving truck development for highway, industrial, and defense uses.
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