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2 clusters · 15 sources · 4 days · First seen · Last updated

Gatik autonomous freight funding expansion

Overview

Autonomous trucking startup Gatik has secured $200 million in Series D funding, bringing its total capital raised to approximately $500 million. The investment round was co-led by the Qatar Investment Authority and Koch Disruptive Technologies, with participation from several other firms including ARK Invest and Millennium Management.

Gatik focuses on middle-mile delivery, operating autonomous box trucks on short-haul routes between distribution centers and retail locations. The company’s operations currently span Texas, Arizona, and Arkansas in the United States, as well as Ontario, Canada.

As the company scales, it reports significant commercial traction, including contracted revenue exceeding $600 million and the completion of over 100,000 autonomous orders. Its customer base includes major retailers and consumer goods companies such as Walmart, Kroger, and PepsiCo.

Entities

Qatar Investment Authority · PepsiCo · ARK Invest · Koch Disruptive Technologies · Gatik

Timeline

  1. 14 days ago

    [BUSINESS] 2 sources
    Gatik secures $200 million for autonomous freight expansion

    Gatik has raised $200 million in a Series D round co-led by Qatar Investment Authority to expand its autonomous freight operations for retail and grocery supply chains in the US and Canada.

  2. 17 days ago

    [BUSINESS] 13 sources
    Gatik raises $200 million to expand autonomous freight operations

    Autonomous trucking firm Gatik has raised $200 million in Series D funding led by Qatar Investment Authority and Koch Disruptive Technologies to expand its driverless middle-mile delivery operations.

Sources

automotiveworld.com · cnmo.com · cryptobriefing.com · digitalmarketreports.com · digitaltalks.org · economymiddleeast.com · hedgeco.net · intelligentliving.co · leianoticias.com.br · qatarpressagency.com · retailwit.com · saopaulosao.com.br · siliconangle.com · therobotreport.com · ttnews.com