Gatik raises $200M to scale driverless freight to thousands

Gatik announced Tuesday it raised $200 million in a Series D round led by Qatar Investment Authority and Koch Disruptive Technologies. Millennium Management, ARK Invest and Intact Private Capital also joined the round. T

By Editorial DeskPublished Updated
Gatik raises $200M to scale driverless freight to thousands
Photo: FreightWaves

Gatik announced Tuesday it raised $200 million in a Series D round led by Qatar Investment Authority and Koch Disruptive Technologies. Millennium Management, ARK Invest and Intact Private Capital also joined the round. The money will support expansion of Gatik’s driverless freight operations from the dozens of trucks today to thousands in the years ahead. Gatik has completed 85,000 fully driverless orders. The company reports more than $600 million in contracted revenue and 99% on-time delivery across operations in Texas, Arizona, Arkansas and Canada. “This round, led by some of the world’s le

Source. Reporting by FreightWaves. This brief was written by the Trade Flow Insight desk from that reporting; facts and figures are attributed to the original publication.

Editorial DeskTrade Flow Insight. Reporting and market notes compiled by the Trade Flow Insight editorial team.

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