Gatik Raises $200 Million Series D After PepsiCo Deal

Gatik raised $200 million in Series D funding on Tuesday, August 25, 2026, two months after a multiyear PepsiCo driverless-freight deal. Qatar Investment Authority and Koch Disruptive Technologies led the round. Millennium Management, ARK Invest, and Intact Private Capital participated. The company did not disclose a valuation.

The figure is confirmed by Gatik’s own announcement and by independent reports from TechCrunch (Kirsten Korosec) and Forbes (Ed Garsten). TechCrunch says Gatik has raised about $500 million since coming out of stealth in 2019. That cumulative total is TechCrunch’s reporting, not a figure Gatik published in the release.

The numbers

• Round: $200 million Series D, announced August 25, 2026.
• Leads: Qatar Investment Authority and Koch Disruptive Technologies.
• Other named investors: Millennium Management, ARK Invest, Intact Private Capital.
• Valuation: not disclosed (TechCrunch).
• Raised since 2019: about $500 million (TechCrunch).
• Contracted revenue: $600 million, company-reported by CEO and co-founder Gautam Narang. Independent outlets repeated the figure; none said it was audited.
• Workforce: 350 people (TechCrunch). Narang told TechCrunch the company plans to hire engineers and operations staff.
• Company-reported operations: 85,000 fully driverless orders completed and 99% on-time delivery. Those metrics appear in Gatik’s announcement and in Forbes. Treat them as company-reported.

PepsiCo and the named customers

TechCrunch describes the PepsiCo agreement as Gatik’s largest public partnership: 41 driverless box trucks moving Frito-Lay products from distribution centers to stores in Dallas, Phoenix, and Northwest Arkansas. Forbes notes the multiyear PepsiCo deal was announced in June and calls it Gatik’s largest commercial autonomous-freight deployment to date.

Outlets named other customers as Walmart, Canada’s Loblaws, Kroger, and Tyson Foods. Gatik told TechCrunch it would not name its full customer list or give precise fleet counts beyond the PepsiCo trucks. The company’s release says it already runs dozens of driverless trucks in North America and wants to expand to thousands over the coming years. That expansion target is a company plan, not a booked order.

Gatik’s trucks run middle-mile routes: distribution center to store, on highways and surface streets. TechCrunch says the current generation can run around the clock and handle light rain and snow, and that Gatik pulled the safety driver from commercial routes last year. Those operational details are from Narang’s interview with TechCrunch, not from a third-party audit.

“These are all long-term investors. All the scale-up plans that we have and the growth that we have in mind for the next few years — these are the kind of financial partners that can help us.”

— Gautam Narang, CEO and co-founder, interview with TechCrunch, August 25, 2026

What this round is, and is not

This is one company’s raise. It does not, by itself, show where autonomous-trucking capital is going as a category. What the sources establish is narrower: a $200 million Series D, named leads and participants, a PepsiCo deployment of 41 trucks, and a set of commercial metrics that Gatik reported and two independent outlets repeated.

TechCrunch and Forbes disagree on the company’s headquarters city. Gatik’s release uses a Santa Clara dateline; Forbes calls the company Mountain View-based. This article does not pick one.

Sources: TechCrunch (Kirsten Korosec, Aug 25, 2026), Forbes (Ed Garsten, Aug 25, 2026), and Gatik’s August 25 announcement.