Robot Truck Startup Gatik Raises $85 Million In Koch-Led Funding Round [Forbes]
TuSimple Holdings Inc. - Class A (TSP)
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Source: Forbes
Gatik is setting up a robotic delivery truck depot in Fort Worth, Texas.Ralph Lauer via GatikGatik, a Silicon Valley startup that's developing an autonomous fixed-route robotic delivery service, secured its biggest cash infusion to date with an $85 million round led by Koch Industries’ investment arm that will help it expand operations, add staff and build up its truck fleet.The Palo Alto, California-based company, which already generates revenue hauling consumer goods and groceries in robotic trucks for Walmart in Arkansas and Louisiana and in Toronto for Canada’s Loblaw supermarkets, said it’s also expanding delivery services for companies in Texas. The plan includes operating autonomous 20- and 26-foot box trucks out of facilities it’s setting up near the Fort Worth airport as part of the state’s “Mobility ZoneWith the Series B round Gatik has raised $114.50 million since its founding in 2017 and the new financing “positions us to scale nicely from here,” says cofounder and CEO Ga
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Sec Filings
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