$85M Autonomous Middle Mile Logistics Funding to Scale Operations
PALO ALTO, Calif. – August 31, 2021 – Gatik today announced a new investment of $85 million in Series B funding. As a result, the company will significantly expand North America’s first autonomous Middle Mile logistics network. The round was heavily oversubscribed. Consequently, the total amount raised by Gatik now stands at $114.5 million.
The round is led by new investor Koch Disruptive Technologies (KDT). Notably, KDT is renowned for supporting high-growth companies that disrupt current market alternatives with demonstrated technology. Existing investors Innovation Endeavours, Wittington Ventures, FM Capital, Dynamo Ventures, Trucks VC, Intact Ventures and others also participated. Several strategic investors were added. Importantly, they will contribute their unique experience and expertise to advance Gatik’s mission.
“The logistics industry is experiencing unprecedented disruption driven by the explosive
growth of ecommerce, and demand for more efficient goods movement,” said Chase Koch, President of Koch Disruptive Technologies. “Nowhere is this more pronounced than on the Middle Mile. Gatik’s transformational autonomous technology and world-class team are defining the standard in B2B short-haul logistics by addressing the most prominent issues facing today’s supply chain. We believe Gatik will be the first to commercialize autonomous technology at scale for the North American medium-duty trucking market.”
How Autonomous Middle Mile Logistics Funding Will Be Deployed
Gatik will use the funding to advance its commercial-grade autonomous technology. In addition, it will scale its fleet of Class 3-6 multi-temperature Autonomous Box Trucks across new markets in North America. Furthermore, the company will grow with existing and new customers and substantially increase its team size.
Commercializing Autonomous Middle Mile Logistics at Scale
“With our exclusive focus on structured autonomy, we have unlocked lower costs,
shorter delivery times, and sustainable, reliable capacity for our customers today,” said Gautam Narang, CEO and Co-Founder, Gatik. “ Our long-term partnerships with the world’s largest retailers and strategic relationships with OEMs and fleet servicing & maintenance partners have allowed us to address critical supply chain challenges. As a result, we have built an industry-defining business. The financing now ideally positioned us to commercialize our solution at scale.”
Today’s funding announcement coincides with Gatik making public its operations in
Texas with multiple new customers. Since announcing its Series A financing in November 2020, Gatik has achieved a significant number of milestones. For example, it launched its new electric Autonomous Box Trucks with Walmart in Louisiana. Additionally, it secured an industry-first partnership with Isuzu to implement OEM-grade redundancies for medium duty trucks critical for fully autonomous operations. Gatik is the only company in North America offering Class 3-6 Autonomous Box Trucks. Importantly, these trucks are deployed for Fortune 500 customers and generate revenue with every order.
About Gatik
Gatik AI Inc. develops AI-powered autonomous trucking solutions for regional logistics networks. The Gatik Driver™ is a scalable, interpretable AI system purpose-built to enable safe, consistent, and high-frequency freight movement. Proven in real-world driverless operations for Fortune 50 customers, Gatik’s technology enhances the reliability and cost efficiency of B2B supply chains at scale.
Founded in 2017, Gatik's driverless trucks are commercially deployed on public roads across multiple markets, including Texas, Arkansas, Arizona, Nebraska, and Ontario. Supported by close collaborations with strategic partners - including Isuzu Motors Limited, NVIDIA, and Ryder - Gatik is advancing reliable and efficient freight operations at scale.
Gatik, the Gatik logo, and Gatik Driver are trademarks or registered trademarks of Gatik AI Inc. Isuzu and the Isuzu logo are trademarks or registered trademarks of Isuzu Motors Limited. All other company and product names may be trademarks of the respective companies with which they are associated.
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Safe Harbor Statement
This press release contains forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements regarding Gatik’s business strategy, commercial deployment at scale, and anticipated technological performance. These statements are based on current expectations and involve inherent risks and uncertainties. Actual results may differ materially due to factors including, but not limited to: the safety and reliability of autonomous driving technology; shifts in the regulatory landscape for AI and autonomous vehicles; cybersecurity threats and data privacy compliance; global supply chain disruptions; and changes in market demand for middle-mile logistics. Gatik undertakes no obligation to update these statements to reflect events or circumstances after the date of this release, except as required by law. All forward-looking statements are qualified in their entirety by this cautionary statement.