20:00Machine-translated from Azerbaijani by AIRead in Azerbaijani
Self-Driving Truck Developer Gatik Raises $200 Million
US autonomous truck startup Gatik has raised $200 million in a new investment round. The financing comes just two months after the company signed a multiyear commercial agreement with PepsiCo. The new investment round was led by the Qatar Investment Authority and Koch Disruptive Technologies. Millennium Management, ARK Invest, and Intact Private Capital also participated in the round. This brings the total investment Gatik has raised since 2019 to approximately $500 million. The company’s current valuation was not disclosed.
Unlike other autonomous transportation companies, Gatik focuses primarily on short- and medium-distance commercial deliveries known as “middle-mile” transportation, rather than long-haul freight or robotaxis. The company’s driverless trucks primarily transport products between distribution centers and stores or other retail locations. Gatik’s autonomous trucks are manufactured by Isuzu Motors. Although the company began operations on fixed routes shorter than 10 miles, it can now operate on routes that include multiple loading and unloading points and have a total length of up to 400 miles. The company’s customers include Walmart, Kroger, Tyson Foods, and Canadian company Loblaws. Gatik’s largest publicly disclosed commercial partnership to date is with PepsiCo. Under the agreement, 41 driverless trucks transport Cheetos, Doritos, and other Frito-Lay products from distribution centers in Dallas, Phoenix, and northwestern Arkansas to stores.
Unlike other autonomous transportation companies, Gatik focuses primarily on short- and medium-distance commercial deliveries known as “middle-mile” transportation, rather than long-haul freight or robotaxis. The company’s driverless trucks primarily transport products between distribution centers and stores or other retail locations. Gatik’s autonomous trucks are manufactured by Isuzu Motors. Although the company began operations on fixed routes shorter than 10 miles, it can now operate on routes that include multiple loading and unloading points and have a total length of up to 400 miles. The company’s customers include Walmart, Kroger, Tyson Foods, and Canadian company Loblaws. Gatik’s largest publicly disclosed commercial partnership to date is with PepsiCo. Under the agreement, 41 driverless trucks transport Cheetos, Doritos, and other Frito-Lay products from distribution centers in Dallas, Phoenix, and northwestern Arkansas to stores.