Gatik secures $200M to scale driverless

Gatik AI Inc. announced a $200 million Series D funding round yesterday. The Mountain View, Calif.-based company stated it will use the capital to accelerate driverless commercial freight operations across Fortune 50 retail, consumer packaged goods, and grocery supply chains.

According to the company, its AI-first autonomous vehicle technology is designed specifically for combined highway and surface street use. Its trucks employ dynamic routing to help clients adapt to fluctuating demand, distribution center activity, and pickup and drop-off requirements.

“This round, led by some of the world’s leading financial institutions, is a clear validation of Gatik’s commercial leadership in autonomous freight,” said Gautam Narang, co-founder and CEO of Gatik. He cited the firm's foundation on real revenue, deep customer demand, and daily-proven technology. The funding will enable scaling with speed to serve the world's largest companies.

Fleet expansion and commercial traction

Gatik reports significant commercial traction. The company claims over $600 million in contracted revenue. It says it has completed 85,000 fully driverless orders while achieving a 99% on-time delivery rate across its operations.

Dozens of driverless trucks are currently operating in North America. The firm plans to expand that fleet to thousands in the coming years. Its vehicles move goods on high-frequency regional networks linking distribution centers directly to stores. This model, Gatik asserts, provides customers a reliable method to add capacity, improve service levels, and maintain product flow.

In June, Gatik highlighted an expanded multi-year strategic partnership with PepsiCo. Initial deployment for PepsiCo began in 2022. Operations have already been conducted for the beverage and snack giant across Texas, Arizona, and Arkansas. The renewed partnership concentrates on PepsiCo’s regional transportation networks, with Gatik moving products daily between sites.

Investment for route expansion

The Series D funding round was led by Qatar Investment Authority (QIA) and Koch Disruptive Technologies (KDT). Other participants included Millennium Management, ARK Invest, and Intact Private Capital.

Byron Knight, president of Koch Disruptive Technologies, commented on the investment. “We’ve long believed autonomous freight has the potential to improve the efficiency and reliability of supply chains,” Knight stated. He noted the transition of autonomy from a promising technology into real-world commercial operations, praising Gatik's practical approach to that shift.

Gatik said the new capital will support the expansion of its operational model. This model is built around high-frequency regional routes connecting distribution centers and stores. The company described these routes as time-sensitive and operationally complex. They are deemed essential for keeping shelves stocked as consumer expectations move toward faster, more predictable access to everyday goods.

The company's trucks are already moving products daily for partners like PepsiCo.