(BUSINESS WIRE)--Gatik,
the leader in autonomous trucking, today announced $200 million in
financing as demand accelerates for driverless commercial freight across
Fortune 50 retail, grocery and CPG supply chains. The Series D round
was led by Qatar Investment Authority (QIA) and Koch Disruptive
Technologies (KDT), with participation from Millennium Management, ARK
Invest, Intact Private Capital and others.
Gatik has built one of the most commercially
advanced businesses in autonomous freight, with more than $600 million
in contracted revenue, 85,000 fully driverless orders completed, and 99%
on-time delivery across its operations. Its trucks move goods across
high-frequency regional networks between distribution centers and
stores, giving customers a reliable way to add capacity, improve service
levels and keep products moving.
“This round, led by some of the world’s leading financial
institutions, is a clear validation of Gatik’s commercial leadership in
autonomous freight,” said Gautam Narang, CEO and Co-founder of Gatik.
“We have built Gatik with real revenue, deep customer demand, and
AI-driven autonomous technology proven every day in live supply chains.
This round gives us the capital to scale with speed and discipline,
serve the world’s largest companies, and define the future of autonomous
freight.”
“Autonomous freight is transforming the global logistics industry, making it more efficient and reliable,” said Abdulla Al-Kuwari, Head of Industrials at QIA.
“QIA is committed to supporting next-generation solutions providers
like Gatik that are shaping the future of freight infrastructure.”
“We've long believed autonomous freight has the potential to improve the efficiency and reliability of supply chains,” said Byron Knight, President of Koch Disruptive Technologies. “What
we're seeing today is autonomy moving beyond a promising technology
into real-world commercial operations. Gatik has demonstrated a
practical approach to that transition, and we look forward to supporting
the company's continued growth.”
The latest financing round will help Gatik expand a model built
around one of the most commercially compelling applications of autonomy:
high-frequency regional routes that connect distribution centers and
stores. These routes are time-sensitive, operationally complex and
essential to keeping shelves stocked as customer expectations shift
toward faster, more predictable access to everyday products.
“Autonomous freight is reaching an inflection point as AI and
robotics converge to transform the transportation ecosystem,” said Cathie Wood, Founder, CEO, and CIO of ARK Invest.
“The companies creating durable value will be those that translate
breakthrough innovation into scalable commercial execution. Gatik has
demonstrated that autonomous trucking is moving beyond experimentation
into commercially viable operations with growing customer adoption. We
believe the company is well positioned to help forge the future of
freight transportation.”
“We are no longer debating the potential of autonomous trucking. This
category will be led by the companies that have proven technology,
rigorous safety standards and the commercial discipline to operate at
scale,” said Justin Smith-Lorenzetti, Managing Director, Intact Private Capital. “Gatik
has built that foundation over years of operating inside complex
customer supply chains. We have tripled our commitment with this latest
round, driven by the conviction that Gatik has the execution record,
customer traction and technical maturity to be the leader in autonomous
freight across North America.”
Gatik’s AI-first AV technology is purpose-built for autonomous
trucking across highways and surface streets. Its driverless trucks use
dynamic routes to help customers respond to changing demand,
distribution center activity and pickup and drop-off needs across
commercial networks.
With dozens of driverless trucks already operating today across North
America, the company plans to expand to thousands in the years ahead.
OTHER KEY INVESTOR VOICES:
“We first invested in Gatik in 2021 because we believed in the
potential for autonomous freight to transform how goods move,” said Celeste Dauner, Managing Director of Koch Disruptive Technologies.
“Since then, we’ve watched Gatik execute successfully against that
opportunity, building scale around a focused, highly practical
application of autonomy. Our decision to invest again at this stage
reflects our conviction in Gatik’s model and the significant opportunity
ahead for autonomous freight.”
“Autonomous trucking should meaningfully lower the cost of transporting goods and reshape modern supply chains,” said Tasha Keeney, Director of Research for Autonomous Technology and Robotics and the Director of Investment Analysis at ARK Invest.
“Gatik is leading this transformation by bringing driverless technology
to regional networks and unlocking value for customers. We’re excited
to support Gatik as it scales autonomous freight and helps define the
next era of logistics.”
About Gatik
Gatik is in the business of autonomous freight. The company operates
driverless trucks daily for Fortune 50 retailers, grocers and CPG
companies, moving freight between distribution centers and stores across
Texas, Arizona, Arkansas, and Canada. Gatik has a strong safety record
across its operations and is powered by the Gatik Driver™, a scalable,
interpretable AI system purpose-built to enable safe, consistent, and
high-frequency freight movement. For more information, visit gatik.ai.
Forward-Looking Statements
This news release contains “forward-looking statements” that involve
substantial risks and uncertainties. Forward-looking statements
generally relate to future events or Gatik’s future financial or
operating performance. Forward-looking statements include information
concerning possible or assumed future results of operations, including
descriptions of our business plan and strategies, revenue targets and
trends we expect to affect our business. These statements often include
words such as “contracted,” “anticipate,” “believe,” “may,” “can,”
“should,” “could,” “might,” “plan,” “possible,” “project,” “strive,”
“budget,” “forecast,” “expect,” “intend,” “target”, “will,” “estimate,”
“predict,” “potential,” “continue,” “scheduled”. Forward-looking
statements may also be made, verbally or in writing, by members of our
Board or management team in connection with this news release.
These forward-looking statements are based on management’s current
expectations and beliefs. These statements are neither promises nor
guarantees, but involve and are subject to known and unknown risks,
uncertainties and other important factors that may cause Gatik’s actual
results, performance or achievements to differ materially from any
future results, performance or achievements expressed or implied by the
forward-looking statements, including Gatik’s ability to execute on its
growth plans, any failure to comply with laws, rules, regulations or
business practices that Gatik may become subject to as a result of any
expansion of its business resulting from the financing, including
Gatik’s ability to successfully execute on its growth strategies and
operating plans, achieve its targeted annualized contracted revenue,
continue to develop its existing customer base, design and deploy an
expanded fleet of trucks on behalf of customers, and diversify and
expand into the market for autonomous logistics solutions. These and
other important factors could cause actual results to differ materially
from those indicated by the forward-looking statements made in this
press release. Any forward-looking statement included in this press
release speaks only as of the date of such statement. Except as required
by law, Gatik disclaims any obligation to update or revise, or to
publicly announce any update or revision to, any of the forward-looking
statements, whether as a result of new information, future events or
otherwise.
The securities described herein have not been registered under the
Securities Act of 1933, as amended (the “Securities Act”), and were
offered and sold in a transaction exempt from registration under the
Securities Act. The securities may not be offered or sold in the United
States absent registration under the Securities Act or an applicable
exemption from the registration requirements of the Securities Act.
This announcement does not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any
sale of these securities in any jurisdiction in which such offer,
solicitation, or sale would be unlawful.
Gatik and the Gatik logo are trademarks of Gatik AI Inc. All other
trademarks, service marks, and company names mentioned herein are the
property of their respective owners.
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