Gatik, an autonomous trucking company, has raised $200 million in Series D funding as demand grows for driverless freight services.

The round was led by Qatar Investment Authority (QIA) and Koch Disruptive Technologies (KDT), with participation from Millennium Management, ARK Invest, Intact Private Capital and other investors.

Gatik has more than $600 million in contracted revenue and has completed 85,000 fully driverless deliveries, with a reported 99% on-time delivery rate.

“This round, led by some of the world’s leading financial institutions, is a clear validation of Gatik’s commercial leadership in autonomous freight,” said Gautam Narang, CEO and Co-founder of Gatik. “We have built Gatik with real revenue, deep customer demand, and AI-driven autonomous technology proven every day in live supply chains. This round gives us the capital to scale with speed and discipline, serve the world’s largest companies, and define the future of autonomous freight.”

“Autonomous freight is transforming the global logistics industry, making it more efficient and reliable,” said Abdulla Al-Kuwari, Head of Industrials at QIA. “QIA is committed to supporting next-generation solutions providers like Gatik that are shaping the future of freight infrastructure.”

“We’ve long believed autonomous freight has the potential to improve the efficiency and reliability of supply chains,” said Byron Knight, President of Koch Disruptive Technologies. “What we’re seeing today is autonomy moving beyond a promising technology into real-world commercial operations. Gatik has demonstrated a practical approach to that transition, and we look forward to supporting the company’s continued growth.”

“Autonomous freight is reaching an inflection point as AI and robotics converge to transform the transportation ecosystem,” said Cathie Wood, Founder, CEO, and CIO of ARK Invest. “The companies creating durable value will be those that translate breakthrough innovation into scalable commercial execution. Gatik has demonstrated that autonomous trucking is moving beyond experimentation into commercially viable operations with growing customer adoption. We believe the company is well positioned to help forge the future of freight transportation.”

“We are no longer debating the potential of autonomous trucking. This category will be led by the companies that have proven technology, rigorous safety standards and the commercial discipline to operate at scale,” said Justin Smith-Lorenzetti, Managing Director, Intact Private Capital. “Gatik has built that foundation over years of operating inside complex customer supply chains. We have tripled our commitment with this latest round, driven by the conviction that Gatik has the execution record, customer traction and technical maturity to be the leader in autonomous freight across North America.”

The company operates autonomous trucks on regular routes between distribution centers and stores for major retailers, grocery companies and consumer brands.

Gatik will use the new funding to expand its autonomous trucking network and increase the number of driverless trucks operating across North America.

The company currently has dozens of driverless trucks operating in Texas, Arizona, Arkansas and Canada, and plans to grow its fleet to thousands of trucks in the coming years.