Goodyear invests in autonomous trucking company Gatik

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Goodyear Tire & Rubber Co. (Nasdaq: GT) has increased its commitment to autonomous vehicles by announcing a new multiyear collaboration with Gatik, a Palo Alto, California, company that provides AV delivery services.

Gatik, which also has offices in Canada, operates a fleet of light- and medium-duty trucks, including autonomous box trucks, and provides delivery services for Fortune 500 retailers such as Walmart, Goodyear said in announcing the effort.

Goodyear said in a news release it will work with Gatik “to advance the development of mobility solutions for the autonomous B2B short-haul logistics industry.” The goal is to provide “safer, more sustainable goods movement while reducing costs for Gatik’s customers in the B2B short-haul market nationwide,” the company stated.

The companies did not disclose any financial details pertaining to their arrangement.

The Akron tiremaker, which has been making a strong push into the electric and autonomous vehicle markets with new smart tires and other innovations, said its venture capital fund, Goodyear Ventures, participated in Gatik’s recently announced Series B funding, and said the companies will work together on multiple projects.

Gatik’s medium-duty fleet will use tires equipped with tire intelligence technology powered by Goodyear’s SightLine technology, Goodyear reported. The technology is meant to improve stopping distances for commercial AVs and also does things like monitor tire pressure and wear to improve safety and reduce maintenance costs.

“The benefits of Goodyear’s tire intelligence technology are grounded in enhancing safety, increasing efficiency and reducing costs — principles which are absolutely fundamental to Gatik’s mission and success,” said Gatik chief technical officer and co-founder Arjun Narang in the joint release. “This collaboration will enable us to further increase the value we offer our customers across the continent and help define new standards in safety and sustainability for the B2B short-haul sector.”

Meanwhile, Gatik “is rapidly expanding its fleet of Class 3-6 autonomous box trucks for customers in multiple markets, including Texas, Arkansas, Louisiana and Ontario,” Goodyear stated.

“By leveraging our advanced tire intelligence solutions, Goodyear can help improve vehicle performance and safety in autonomous transportation,” said Chris Helsel, Goodyear’s senior vice president, global operations and chief technology officer. “Together, Goodyear and Gatik will combine our innovative technologies to help bring more efficiency in the increasingly important middle mile segment.”

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