Self-Driving Truck Startup Gatik Raises $200M, Eyes Fleet Expansion With $600M In Contracted Revenue
Summary
Self-driving truck startup Gatik raises $200 million in its largest funding round yet, backed by Qatar Investment Authority and Koch Disruptive Technologies, as it scales its driverless middle-mile delivery fleet serving Walmart, Kroger, and PepsiCo, with $600 million in contracted revenue already secured.
Key Points
- Gatik, a self-driving box truck startup focused on short-haul 'middle-mile' delivery, raises $200 million in its largest funding round to date, led by Qatar Investment Authority and Koch Disruptive Technologies, bringing its total raised to approximately $500 million since 2019.
- The company operates dozens of fully driverless commercial trucks across multiple U.S. markets, serving major customers including Walmart, Kroger, Tyson Foods, and PepsiCo, with 41 driverless trucks currently hauling Frito-Lay products across Dallas, Phoenix, and Northwest Arkansas.
- With $600 million in contracted revenue locked in, Gatik plans to use the fresh capital to scale its fleet, expand into new markets, and grow its 350-person workforce by hiring engineers and operational staff.