Gatik, the autonomous vehicle startup specializing in self-driving box trucks, has successfully raised $200 million, marking its largest funding round to date. This investment follows a significant commercial agreement with PepsiCo and was led by Qatar Investment Authority and Koch Disruptive Technologies, among others.
The new capital will support Gatik's growth plans, enabling the company to enhance its workforce and expand its operations. With a focus on middle-mile delivery, Gatik has already secured $600 million in contracted revenue and aims to scale its fully driverless fleet across various markets.
Gatik's $200M funding will accelerate its expansion into new markets and enhance its workforce, focusing on middle-mile delivery. Watch for developments in their driverless fleet operations and potential partnerships as they aim to solidify their market position.