Gatik Secures $200 Million in Funding for Autonomous Trucking Expansion

Gatik, a prominent player in the autonomous trucking sector, has revealed securing a substantial $200 million in funding, signaling the increasing demand for driverless commercial freight in major retail, grocery, and CPG supply chains. The funding, part of the Series D round, was spearheaded by Qatar Investment Authority (QIA) and Koch Disruptive Technologies (KDT), supported by Millennium Management, ARK Invest, Intact Private Capital, and other contributors.

With a robust track record, Gatik has amassed over $600 million in contracted revenue, successfully executed 85,000 fully autonomous orders, and achieved a remarkable 99% on-time delivery rate. The company's focus remains on efficiently transporting goods within high-frequency regional networks, bridging the gap between distribution centers and stores, and offering customers a dependable solution to boost capacity, enhance service levels, and maintain smooth product flow.

Read more about the funding here.