Intact Private Capital is among the backers of the California company’s Series D round, led by Qatar Investment Authority and Koch Disruptive Technologies, with participation from Ark Invest and others. Gatik, which runs Loblaw’s self-driving delivery truck fleet, said it sees the biggest opportunity in expanding trucking routes that connect distribution centres and stores. (The Logic)

Talking point: Ark Invest’s Cathie Wood said in a press release that the autonomous freight industry is reaching an “inflection point,” and that she believes Gatik’s business model has demonstrated it is commercially viable. Its Ontario fleet is likely one proof point—it has a deal to deliver to over 300 Loblaw stores, and both Intact and Weston-linked fund Wittington Ventures backed its Series A round. The company, which also operates in several U.S. states, said it plans to pursue deals with large multinationals.

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