Gatik

Autonomous Vehicles · Logistics · Freight Tech

Funding

Gatik raises $200M Series D after clinching multi-year PepsiCo delivery deal

Late-stage financiers who typically wait for proof are now betting on driverless middle-mile freight as commercially derisked.

• Gatik raised $200 million in Series D funding co-led by Qatar Investment Authority and Koch Disruptive Technologies, with Millennium Management, ARK Invest, and Intact Private Capital also participating.
• Gatik builds fully driverless box trucks that run fixed and dynamic "middle-mile" routes between distribution centers and stores, rather than pursuing robotaxis or long-haul trucking.
• The round is Gatik's largest to date and brings total funding to about $500 million since it exited stealth in 2019; the company did not disclose a valuation.
• The raise comes two months after Gatik signed a multi-year deal putting driverless trucks into PepsiCo's Frito-Lay supply chain across Dallas, Phoenix, and Northwest Arkansas.
• Gatik reports more than $600 million in contracted revenue, 85,000 fully driverless orders completed, and a 99% on-time delivery rate.
• The capital will fund fleet and geographic expansion beyond the company's current 350-person workforce, with plans to run more than 100 driverless trucks across Texas, Arizona, Arkansas, and Canada by year-end.
• The involvement of sovereign wealth and late-stage financial investors signals autonomous freight is shifting from pilot experiments to a commercially proven, investable category.