Gatik raises $200M to scale driverless freight to thousands
Gatik runs dozens of driverless trucks today and wants thousands. A $200 million Series D led by Qatar Investment Authority and Koch Disruptive Technologies funds the jump. The post Gatik raises $200M to scale driverless freight to thousands appeared first on FreightWaves .
Gatik, a driverless freight company, raised $200 million in a Series D funding round on Tuesday. The investment was led by Qatar Investment Authority and Koch Disruptive Technologies, with Millennium Management, ARK Invest, and Intact Private Capital also participating. The capital will be used to expand Gatik's driverless freight operations from its current fleet of dozens of trucks to thousands in the coming years.
The company has already completed 85,000 fully driverless orders, generating more than $600 million in contracted revenue and maintaining a 99% on-time delivery rate across operations in Texas, Arizona, Arkansas, and Canada.
Gautam Narang, CEO and co-founder of Gatik, stated that this funding round, led by some of the world's leading financial institutions, validates the company's commercial leadership in autonomous freight. The company's technology has been proven in live supply chains, enabling Gatik to serve major retail and beverage shippers, including PepsiCo, across thousands of retail locations in Texas, Arizona, Arkansas, and Canada.
Gatik's trucks operate high-frequency regional routes between distribution centers and stores, covering up to 400 miles at highway speeds and running nearly around the clock. The company's system is designed for both highways and surface streets, allowing for dynamic routing to respond to shifting demand, distribution center activity, and pickup and drop-off needs. This results in a 99% on-time delivery rate, which benefits retail planners by replenishing store shelves on fixed windows.
The funding round brings the total capital raised by Gatik to roughly $270 million, according to Forbes. The company plans to mass-produce its trucks with Isuzu at a South Carolina plant expected to come online in late 2027. QIA, the lead investor in this round, is a sovereign wealth fund of the State of Qatar and supports next-generation solutions providers like Gatik in shaping the future of freight infrastructure.
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