Gatik secures Series D funding led by Qatar Investment Authority
QIA backs autonomous freight, citing strong demand from customers like PepsiCo and over $600 million in contracted revenue for driverless trucking operations.
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Autonomous middle-mile freight transportation company
gatik.aiLast updated
In short: Gatik raised $200M in Series D funding, expanded driverless trucking with PepsiCo and Loblaw, and hit 60,000 fully driverless deliveries.
QIA backs autonomous freight, citing strong demand from customers like PepsiCo and over $600 million in contracted revenue for driverless trucking operations.
The company expresses gratitude to the investors while continuing its autonomous trucking operations.
The firm recently discussed expansion strategies on Bloomberg while highlighting active PepsiCo deployments and cross-functional recruitment initiatives.
Led by Qatar Investment Authority and Koch Disruptive Technologies, the capital will accelerate driverless trucking operations across North America.
PepsiCo (NasdaqGS:PEP) has entered a multi-year commercial agreement with autonomous vehicle startup Gatik to deploy self-driving trucks for Frito-Lay product distribution. Gatik has raised US$200...
Gatik says growing demand for driverless freight service has pushed its contracted revenue above $600 million, as the autonomous trucking company prepares...
Gatik has raised $200 million in Series D funding, the autonomous trucking startup said on Tuesday, ...
Gatik's autonomous trucks are already operating across PepsiCo's regional transportation networks in Texas, Arizona, and Arkansas.
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