UPDATE -- Gatik Raises $85 Million in Series B Funding Led by Koch Disruptive Technologies (KDT) to Scale Its Fleet of Autonomous Box Trucks Across North America
This financing enables Gatik to accelerate deployments and cements the company’s position as the market leader in autonomous B2B short-haul logistics
The round is led by new investor Koch Disruptive Technologies (KDT), renowned for supporting high-growth companies that disrupt current market alternatives with demonstrated technology. Existing investors Innovation Endeavours, Wittington Ventures, FM Capital, AngelPad, Dynamo Ventures, Trucks VC, Intact Ventures and others also participated. Several strategic investors were added, all of whom 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.”
Gatik will use the funding to advance its commercial-grade autonomous technology, scale its fleet of Class 3-6 multi-temperature Autonomous Box Trucks across new markets in North America, grow with existing and new customers, and substantially increase its team size.
“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, strategic relationships with OEMs and fleet servicing & maintenance partners have allowed us to address critical supply chain challenges and build an industry-defining business. With this financing, we are ideally positioned to commercialize our solution at scale.”
A photo accompanying this announcement is available at