Gatik, a US startup running self-driving box trucks on short delivery routes, raised $200 million led by Qatar Investment Authority and Koch Disruptive Technologies. The round follows a multiyear agreement with PepsiCo, under which 41 driverless trucks move Frito-Lay products to stores in three US regions. The company said the money will fund hiring and expansion into new markets but did not disclose its valuation.
What changed
Gatik's prior funding totalled about $300 million and it ran a smaller set of pilot and commercial routes.
- $200M round
- ~$500M raised since 2019
- $600M contracted revenue
- 41 driverless trucks for PepsiCo
Sources