Sectors
Foley & Lardner LLP represented Gatik, the leader in autonomous trucking, in their $200 million Series D financing, as well as the company’s partnership with PepsiCo. The round was led by Qatar Investment Authority and Koch Disruptive Technologies, with participation from Millennium Management, ARK Invest, Intact Private Capital, and others.
Gatik has built one of the most commercially advanced businesses in autonomous freight, with more than $600 million in contracted revenue, 85,000 fully driverless orders completed, and 99% on-time delivery across its operations. Its trucks move goods across high-frequency regional networks between distribution centers and stores, giving customers a reliable way to add capacity, improve service levels, and keep products moving.
The latest financing round will help Gatik expand a model built around one of the most commercially compelling applications of autonomy: high-frequency regional routes that connect distribution centers and stores.
The Foley team was led by partner Louis Lehot and included partners Steven Cade, Rishi Sodhi, Julie Lee, Christopher Grigorian, Christopher Swift, Casey Knapp, and Krista Cabrera, of counsels Kelly Boyd and Alan Pate, and associates Alex Turqueto, Sarina Rogers, and Sarah Waste.
