Chinese autonomous delivery vehicle maker Neolix has raised more than $600 million in a Series D funding round, marking the largest private financing in China’s autonomous driving industry and one of the biggest across all sectors this year.
The investment round was led by UAE-based Stone Venture, with participation from Gaocheng Capital, CITIC Capital, CDH, Sparkedge Capital, Beijing AI Fund, and one of China’s leading internet platforms. Returning backers included Legend Capital, Gaorong Ventures, Templewater, and SAIC.
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Neolix said the fresh funding will be used to enhance its research and development in autonomous driving algorithms, expand its product portfolio for commercial logistics, and strengthen after-sales and service networks. It also plans to use part of the proceeds to accelerate its international growth strategy.
Founded in 2018 by Enyuan Yu, Neolix has delivered more than 10,000 Level 4 (L4) autonomous delivery vehicles across over 300 cities in China. The company said demand for its X3 and X6 models has grown sharply, with monthly deliveries surpassing 2,000 units at peak.
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Neolix’s vehicles operate in cities including Qingdao, where more than 1,200 units are deployed, giving the company over 60% of China’s market share in autonomous delivery vehicles. Its customer base now includes more than 300,000 clients across logistics, retail, and public services.
The company said its proprietary “Neolix-VA” navigation system and map-free driving architecture have allowed its fleet to travel more than 50 million kilometers autonomously. These advancements form part of Neolix’s broader effort to refine urban logistics and scale commercial applications for driverless delivery.
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Neolix’s international expansion has gathered pace following the company’s partnership in the United Arab Emirates, where it recently obtained the nation’s first license for autonomous delivery vans. The company said this milestone reflects growing recognition of Chinese autonomous technology in overseas markets.
“The Series D funding demonstrates strong confidence in the commercial potential of autonomous logistics,” Neolix said. The company added that it plans to use the investment to “advance large-scale deployment and global cooperation” in smart delivery solutions.
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