ARK Venture Fund backs Gatik AI’s autonomous truck fleet

NEW YORK – The ARK Venture Fund has recently invested in Gatik AI Inc., a company specializing in short-haul business-to-business logistics services for the retail sector, utilizing a fleet of autonomous trucks. This investment, effective as of August 21, 2024, marks a notable development in the logistics and autonomous vehicle industries.

Gatik AI’s operations are focused on addressing the demand for efficient distribution within the retail supply chain by deploying self-driving trucks designed for short-haul trips. The company aims to streamline the logistics process for businesses, potentially reducing costs and improving delivery times.

In a move to democratize investment in innovative ventures, the ARK Venture Fund has made it possible for U.S. self-directed investors to participate in a portfolio that includes both private and public companies. With a minimum investment of $500, individuals can now access these opportunities through the SoFi (NASDAQ:) or Titan apps. Furthermore, the fund offers investment options in Traditional and Roth IRAs, providing a range of choices for retirement planning.

The decision by the ARK Venture Fund to invest in Gatik AI reflects a growing interest in autonomous driving technology and its applications in commercial settings. As the industry evolves, such investments are becoming increasingly significant for companies like Gatik AI that are at the forefront of developing and implementing these technologies.

This latest investment news is based on a press release statement and highlights the ARK Venture Fund’s continued commitment to supporting innovative companies within the tech sector. It also underscores the growing trend of investment funds facilitating broader access to venture capital investments for individual investors.

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