Autonomous Trucking Startup Gatik Raises $200M Led by QIA and Koch, Two Months After PepsiCo Deal

Gatik announced a $200M raise on August 25 led by Qatar Investment Authority and Koch Disruptive Technologies, with Millennium Management, ARK Invest and Intact Private Capital joining. The round is Gatik's largest ever and brings total funding to roughly $500M since 2019; the company operates 41 driverless box trucks moving Frito-Lay product across Dallas, Phoenix and Northwest Arkansas under a multi-year deal signed with PepsiCo two months ago. CEO Gautam Narang framed the syndicate as long-term financial partners for the company's next scale-up beyond its current 350 employees.