Neolix secures nearly $400 million in Series E funding
Chinese autonomous vehicle manufacturer Neolix has raised nearly $400 million in its latest funding round to support global network expansion and development of autonomous driving models.
Beijing-based autonomous delivery vehicle developer Neolix announced it has closed a Series E funding round totaling nearly $400 million. The investment was co-led by Boyu Capital and the state-backed National Artificial Intelligence Industry Investment Fund, with additional participation from Alibaba’s AEF NextGen Hong Kong fund, Vertex Growth, and GAC Capital.
The capital injection follows a Series D round last year, pushing the company's total cumulative funding beyond the 10 billion yuan threshold. Neolix intends to allocate these resources toward scaling its international service operations and expanding its data infrastructure for end-to-end autonomous driving systems.
Technological development remains a priority, with the company aiming to refine vehicle safety and operational performance while attempting to lower long-term deployment costs. The move underscores broader investor interest in autonomous logistics solutions as firms shift toward large-scale fleet deployments.