Gatik Raises $200m To Scale Driverless Middle-Mile Truck Fleet

Dubai (PlantAndEquipment.com) - Gatik, an autonomous trucking company, has secured $200 million in Series D investment, providing it with more funds to extend its driverless truck operations across North America.

The round, Gatik's biggest ever, was led by Qatar Investment Authority (QIA) and Koch Disruptive Technologies, with participation from ARK Investment Management, Millennium Management, and Intact Private Capital. The current investment brings Gatik's total capital to over $500 million.

Gatik focuses on autonomous middle-mile freight, which uses driverless vehicles on recurring routes to link distribution centers, fulfillment facilities, and retail sites. Unlike long-haul autonomous trucking, these activities usually include predictable trips between a predefined network of locations.

The firm presently operates in Texas, Arizona, Arkansas, and Canada, with clients such as PepsiCo and Loblaw. Its partnership with PepsiCo comprises 41 autonomous vehicles that distribute Frito-Lay goods around Dallas, Phoenix, and Northwest Arkansas.

Gatik claims to have acquired more than $600 million in contractual revenue and completed about 85,000 completely autonomous orders with an on-time delivery record of 99%.

The tech company is now aiming for a fleet of over 100 autonomous vehicles by the end of 2026.

Gatik's emphasis on middle-mile logistics provides autonomous technologies with a somewhat regulated operating environment while tackling high-frequency freight operations. The fresh cash will help the business expand its technologies across a bigger commercial fleet.