Alan Ohnsman of Forbes reports the startup Gatik has raised $85 million in Koch-led funding round.
- Gatik is a Silicon Valley startup that creates an autonomous fixed route robotic delivery system.
- The company has already partnered with Walmart in Arkansas and Louisiana and Loblaw Supermarkets in Toronto.
- Gatik expects to expand its current vehicle fleet to 100 and is currently working on creating a line of autonomous commercial vehicles by 2023.
- This is a great example of how free-markets can infuse capital to accelerate innovation that is good for the economy and the environment.
Read the full article here.