Gatik has raised $200 million in Series D funding to grow its driverless freight business between warehouses and stores. The Santa Clara company posted the news on X, with co-founder and chief executive Gautam Narang saying the capital is meant to scale operations that already run every day in live supply chains.
Qatar Investment Authority and Koch Disruptive Technologies led the round. Millennium Management, ARK Invest, Intact Private Capital, and other investors joined. Gatik did not disclose a valuation. The company said it has raised about $500 million in total since leaving stealth in 2019.
Gatik focuses on the middle mile: repeated regional trips that move goods from distribution centers to retail and grocery locations. That is a narrower problem than robotaxis or cross-country trucking. The company says the model has produced more than $600 million in contracted revenue, about 85,000 fully driverless completed orders, and a 99 percent on-time rate. Trucks currently operate in Arizona, Arkansas, and Texas, and in Canada.
Customers include large North American retailers and consumer brands. Public reports tied to the raise name PepsiCo in the United States and Loblaw in Canada, with additional work for grocery and packaged-goods shippers. Gatik said it wants more than 100 driverless trucks on the road by the end of 2026.
Narang described the new backers as long-term financial partners rather than short-cycle venture funds. The money is earmarked for fleet growth, technology, infrastructure, and hiring. Gatik employs about 350 people and will need more staff if it is going to add routes as fast as the contracted backlog implies.
Autonomous trucking has produced many pilots and fewer paying networks. Gatik is trying to look more like a freight operator than a research lab: booked revenue, named customers, and a small set of high-frequency corridors. The Series D, its largest to date, arrives two months after a multiyear commercial agreement with PepsiCo and as sovereign and industrial investors look for logistics assets that can run without drivers.
The test from here is operational. Adding trucks is easier than keeping on-time performance high across more cities, weather, and dock schedules. If Gatik can do that, the $200 million becomes working capital for a freight network rather than another research budget.
