Fleet Financing

UPDATE – Gatik raises $ 85 million in Series B funding

PALO ALTO, Calif., September 24, 2021 (GLOBE NEWSWIRE) – Gatik today announced a new investment of $ 85 million in Series B financing to significantly expand Middle Mile’s first self-sustaining logistics network in North America. The round was significantly oversubscribed and brings the total amount raised by Gatik to $ 114.5 million.

The round is led by new investor Koch Disruptive Technologies (KDT), known for supporting high growth companies disrupting current market alternatives with proven technology. Existing investors Innovation Endeavors, Wittington Ventures, FM Capital, AngelPad, Dynamo Ventures, Trucks VC, Intact Ventures and others also participated. Several strategic investors have been added, all of whom will bring their unique experience and expertise to further Gatik’s mission.

“The logistics industry is experiencing unprecedented disruption due to the explosive growth of e-commerce and the demand for more efficient movement of goods,” 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 set the standard for short-haul B2B logistics by addressing the most important issues facing today’s supply chain. We believe Gatik will be the first to bring autonomous technology to market on a large scale for the North American medium trucking market. “

Gatik will use the funding to advance its commercial-grade autonomous technology, scale its fleet of Class 3 to 6 multi-temperature autonomous van trucks into new markets in North America, grow with existing and new customers and significantly increase the size of his team.

“By focusing exclusively 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 of Gatik. “Our long-term partnerships with the world’s largest retailers, our strategic relationships with OEMs and our fleet service and maintenance partners have enabled us to address critical supply chain challenges and build a business. that defines the industry. With this funding, we are ideally positioned to market our solution on a large scale. “

Today’s funding announcement coincides with Gatik going public with its Texas operations with several new clients. Since announcing its Series A funding in November 2020, Gatik has achieved a number of milestones, including the launch of its new self-driving electric box trucks with Walmart in Louisiana and an industry-first partnership with Isuzu to implement OEM grade layoffs for medium loads. trucks essential for fully autonomous operations. Gatik is the only company in North America to offer Class 3 through 6 self-contained box trucks, deployed for Fortune 500 customers, generating revenue with every order.

About Gatik

Gatik, the leader in autonomous logistics in the Middle Mile, delivers goods safely and efficiently using its fleet of light and medium trucks. The company focuses on short-haul B2B logistics for Fortune 500 retailers such as Walmart and Loblaw. Gatik’s fleet of Class 3-6 self-contained box trucks serve customers in several markets including Arkansas, Louisiana, Texas and Ontario. Founded in 2017 by veterans of the autonomous tech industry, the company has offices in Palo Alto and Toronto. Gatik was recognized on the Forbes AI 50 2021 list and as a technology pioneer of the World Economic Forum.

Media contacts

Richard Steiner, Gatik
[email protected]

Susan Donahue, Skyya PR
[email protected]

A photo accompanying this announcement is available on







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