Gatik, which specializes in operating autonomous box trucks for short-haul delivery, has raised $200 million in a round led by Qatar Investment Authority and Koch Disruptive Technologies, with participation from Millennium Management, ARK Invest, and Intact Private Capital.
The round comes just two months after Gatik signed a multiyear commercial agreement with PepsiCo, and represents the largest funding the company has received since emerging from stealth mode in 2019. This brings the company’s total announced funding to approximately $500 million, without disclosing its current valuation.
From Limited Trials to Commercial Operations
Gatik was founded in Santa Clara, California, and from the outset focused on what is known as middle-mile delivery—transporting goods between distribution centers and stores—rather than autonomous taxis, long-haul trucks, or delivery robots.
The company began with fixed routes of no more than 10 miles, then developed its operations into dynamic routes with dozens of pickup and delivery points spanning up to 400 miles. Gatik uses autonomous box trucks manufactured by Isuzu Motors to transport food and beverages.
The company says it now has dozens of fully autonomous trucks operating commercially in several markets. Last year, it reached an operational and technological milestone that allowed it to remove the safety driver from the driver’s seat on its commercial routes. It also said that the third generation of its technology operates around the clock on public streets and highways and handles light rain and snow.
PepsiCo Deal and Revenue Sources
PepsiCo is Gatik’s largest announced partnership. Under the agreement, 41 autonomous trucks transport Cheetos, Doritos, and other Frito-Lay products from distribution centers to stores in Dallas, Phoenix, and Northwest Arkansas.
The company’s other customers include Canada’s Loblaws, Kroger, and Tyson Foods, as well as Walmart, which was its first publicly announced customer six years ago. According to CEO and co-founder Gautam Narang, Gatik has signed commercial contracts representing $600 million in contracted revenue.
What Is Changing in Practice?
The impact of the funding is not limited to technology development; based on the available information, the company is moving from pilot programs to expanding established commercial transport operations with multiple customers and cities. Gatik plans to increase the number of trucks, customers, and locations, with potential expansion beyond North America in the future.
The funding will also be used to expand the 350-person workforce by hiring engineers and operations staff, alongside expansion within existing markets or entry into new ones. The precise fleet size and the names of all customers remain undisclosed, and the source does not provide independent details on profitability, contract terms, or regulatory safety requirements—factors that will determine how easily contracted revenue can be converted into actual operational growth.