Gatik Raises $200M Following PepsiCo Partnership
Self-driving truck startup Gatik has raised $200 million in funding led by Qatar Investment Authority and Koch Disruptive Technologies, with additional support from Millennium Management, ARK Invest, and Intact Private Capital. This brings the company's total fundraising to around $500 million since it emerged from stealth mode in 2019. Gatik has transitioned from a pilot-stage startup into a commercial operator of driverless trucks with multiple customers across several cities. The funding will support its expansion plans, including scaling operations and entering new markets beyond North America. The company specializes in middle-mile delivery using Isuzu-built self-driving box trucks that operate without safety drivers on routes covering up to 400 miles. Gatik's largest public partnership is with PepsiCo, where it operates 41 driverless trucks delivering Frito-Lay products across Dallas, Phoenix, and Northwest Arkansas. The company has secured $600 million in contracted revenue from commercial deals and plans to expand its workforce of over 350 employees.
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Topics: autonomous vehicles funding round logistics startup growth