Gatik raises $200 million as autonomous freight demand grows

Gatik, a company specializing in autonomous freight, has secured $200 million in Series D financing, as demand for driverless commercial trucking grows. The investment round was led by Qatar Investment Authority and Koch Disruptive Technologies, with participation from Millennium Management, ARK Invest, Intact Private Capital, and others.

Gatik's autonomous trucks have completed 85,000 fully driverless orders, achieving a 99% on-time delivery rate. The company operates trucks transporting goods between distribution centers and stores in Texas, Arizona, Arkansas, and Canada. CEO and Co-founder Gautam Narang highlighted the validation of Gatik's commercial leadership in autonomous freight, emphasizing the company's real revenue, deep customer demand, and AI-driven technology proven in live supply chains.

The financing will support Gatik's expansion of its model targeting high-frequency regional routes connecting distribution centers and stores. The company's AI-first autonomous vehicle technology is designed for safe, consistent, and high-frequency freight movement, operating on highways and surface streets using dynamic routes that adapt to changing demand and distribution center activity.

With its fleet of dozens of driverless trucks in North America, Gatik plans to expand to thousands of vehicles in the coming years.