Gatik Raises $200M Series D for Autonomous Freight
Gatik has raised $200 million in a Series D funding round aimed at scaling its autonomous freight operations, according to a report from Unite.AI.
The company specializes in autonomous middle-mile trucking, operating driverless vehicles that move goods between distribution centers, warehouses and retail stores over fixed, repeatable routes. Gatik has positioned itself in the freight and logistics sector as a specialist in short-haul autonomous delivery, an approach the company has said allows it to more quickly validate safety and commercial viability compared with long-haul autonomous trucking efforts.
Unite.AI’s report did not provide further detail on the round’s investors or specific plans for deployment beyond the funding total and its stated purpose of scaling operations.
The raise adds to a wave of investment in autonomous vehicle and logistics technology, as companies across the sector continue to pursue commercial deployment of self-driving systems for freight movement.
Additional details on the funding round, including participating investors and planned use of proceeds, were not specified in the original report.
Based on reporting by www.unite.ai.
