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Gatik secures $200 million in Series D funding led by Qatar Investment Authority and Koch Disruptive Technologies to expand its operations in the growing autonomous freight market.
Gatik has raised $200 million in Series D funding as interest in driverless commercial freight surges. The round was led by Qatar Investment Authority and Koch Disruptive Technologies, with participation from other investors. The capital will be used to expand Gatik's operations and fleet and enhance its technology and infrastructure. The company is targeting more than 100 driverless trucks by the end of 2026.
Company Information
Company
Gatik
Location
Mountain View, California, United States
About
Gatik, the leader in autonomous middle mile logistics, delivers goods safely and efficiently using its fleet of light and medium duty trucks. The company focuses on short-haul, B2B logistics for Fortune 500 customers including Kroger, Walmart, Loblaw, Tyson Foods, and Pitney Bowes, and in 2021 became the first company worldwide to operate fully driverless commercial deliveries on the middle mile.
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