Autonomous trucking company Gatik has secured $200 million in Series D funding to scale its middle-mile logistics operations and expand its fleet of driverless box trucks across North America.
Key Points
- The $200 million funding round was led by Qatar Investment Authority and Koch Disruptive Technologies, bringing Gatik’s total capital raised to approximately $500 million.
- Gatik reports over $600 million in contracted revenue and has completed 85,000 fully driverless deliveries for major clients including Walmart, PepsiCo, Kroger, and Tyson Foods.
- The company utilizes Isuzu box trucks equipped with the proprietary "Gatik Driver" system to transport goods between distribution centers and retail stores.
- Current driverless operations are concentrated in Texas, Arizona, and Arkansas, with plans to grow the fleet from dozens to over 100 trucks by the end of 2026.
- The new capital will support hiring additional engineering and operational staff while funding expansion into new geographic markets and increasing truck production.