Gatik raises $200M to grow driverless fleet past 100 trucks this year
Autonomous trucking company Gatik AI Inc. today announced a $200 million Series D round to expand its driverless fleet.
Gatik said the money will take it from dozens of trucks on the road today to more than 100 by the end of this year. Founded in 2017, Gatik’s trucks work short regional routes, running loads from distribution centers out to retail stores. Driverless orders completed to date total 85,000, Gatik said, and 99% of them arrived on time.
PepsiCo Inc. is the biggest name on the customer roster, and since signing a multiyear agreement in June it has put 41 driverless Gatik trucks onto Frito-Lay runs around Dallas, Phoenix and northwest Arkansas. Walmart Inc. was the first big-name customer to be disclosed, and Kroger Co., Tyson Foods Inc. and Canada’s Loblaw Cos. Ltd. followed.
Contracted revenue across the customer base runs past $600 million. The trucks operate in Texas, Arizona and Arkansas, plus Canada.
