Gatik Raises $200 Million to Scale Driverless Trucks After PepsiCo Deal
Gatik raises $200 million after its PepsiCo deal, funding more driverless Isuzu box trucks, hiring and expansion across cities and beyond North America.
Summary
On August 25, 2026, Santa Clara based Gatik disclosed its largest funding round, $200 million, two months after signing a multiyear PepsiCo agreement. Qatar Investment Authority and Koch Disruptive Technologies led the round, joined by Millennium Management, ARK Invest and Intact Private Capital. Gatik has raised about $500 million since leaving stealth in 2019 but did not disclose its valuation.
Gatik largely occupies the middle mile niche with Isuzu Motors box trucks. Routes have expanded from fixed trips under 10 miles to dynamic networks spanning up to 400 miles and dozens of stops. After removing safety drivers from commercial routes last year, Gatik now operates dozens of fully driverless trucks across several markets. Its third generation system runs around the clock on streets and highways and handles light rain and snow.
Customers include Walmart, Loblaw, Kroger, Tyson Foods and PepsiCo. The PepsiCo deployment uses 41 trucks to move Cheetos, Doritos and other Frito-Lay products in Dallas, Phoenix and Northwest Arkansas. Cofounder and CEO Gautam Narang says contracted revenue totals $600 million. Gatik will use the funding to add trucks, customers and markets, hire engineers and operations staff beyond its 350 person workforce, and eventually expand outside North America.
Positives
- The $200 million round is Gatik’s largest and lifts total funding since 2019 to about $500 million.
- PepsiCo is deploying 41 driverless trucks across Dallas, Phoenix and Northwest Arkansas under a multiyear commercial agreement.
- Gatik has secured $600 million in contracted revenue from its middle mile delivery business.
- Dozens of Gatik trucks now operate commercially without safety drivers across several markets.
- Routes have expanded from fixed trips under 10 miles to dynamic networks covering up to 400 miles and dozens of stops.
- New funding will support additional engineers, operations staff, vehicles, customers and markets.
Risks & concerns
- Gatik did not disclose its valuation despite raising $200 million.
- Precise fleet numbers and the full customer list remain undisclosed.
- Expansion beyond North America has no announced market or timetable.
- Scaling commercial operations will require Gatik to expand beyond its current 350 person workforce.
- Disclosed weather capability covers light rain and snow, leaving performance under harsher conditions unspecified.