Photo: Gatik
The Series D round, led by Qatar Investment Authority and Koch Disruptive Technologies, brings the middle-mile delivery startup's total funding to roughly $500M.
Gatik just locked down $200 million in Series D financing, its largest single fundraise to date. The California-based autonomous trucking company has now pulled in approximately $500 million since it emerged from stealth back in 2019.
Qatar Investment Authority and Koch Disruptive Technologies co-led the round, with Millennium Management, ARK Invest, and Intact Private Capital also participating.
The middle-mile bet #
Gatik has carved out a very specific niche in autonomous driving. Rather than chasing the long-haul trucking market or the last-mile delivery scramble, the company focuses on middle-mile freight. Think of it as the less glamorous but highly repeatable leg of the supply chain: moving goods from distribution centers to retail stores on routes under 400 miles.
The company operates fleets of fully driverless Isuzu box trucks. These are the vehicles shuttling Frito-Lay chips from warehouses to store shelves in Dallas, Phoenix, and Northwest Arkansas.
In January 2026, Gatik became the first US company to run fully driverless commercial truck deliveries at scale. Dozens of these trucks now operate 24/7 across multiple routes.
The customer list reinforces that point. Gatik counts Walmart, Kroger, Tyson Foods, and now PepsiCo among its clients.
PepsiCo partnership and $600M in contracted revenue #
The funding comes shortly after Gatik announced a multi-year commercial partnership with PepsiCo in June 2026. Under that deal, Gatik’s driverless trucks handle deliveries of Frito-Lay products across several markets.
Gatik’s total contracted revenue figure stands at $600 million. That’s secured revenue from existing driverless operations, not projections or pipeline estimates.
CEO Gautam Narang has said the new capital will go toward scaling fleet size, growing the workforce, and expanding geographic coverage across the US and Canada.
Where Gatik fits in the autonomous vehicle landscape #
Gatik’s approach sidesteps many of the hardest problems in autonomy. Middle-mile routes are largely highway and commercial corridors with predictable traffic patterns, fewer pedestrians, and more forgiving edge cases than dense urban environments. The box truck form factor is easier to sensor-equip and validate than a full semi-trailer rig. And the business model, built on contracted routes with known pickup and delivery points, removes the demand uncertainty that plagues open-market freight platforms.
The company’s expansion into Canada, in particular, will be worth watching. Regulatory frameworks for autonomous commercial vehicles differ significantly across provinces and states, and navigating that patchwork adds operational complexity that pure technology cannot solve.
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