Neolix raises nearly $400 million for global autonomous delivery expansion

Neolix, a Beijing-based developer of Level 4 autonomous delivery vehicles, has raised nearly $400 million in a Series E funding round. The investment, led by Boyu Capital and a national fund, brings the company’s total funding to over $1.4 billion.

The company specializes in self-driving delivery vans that operate within defined areas without human intervention. Neolix reports having delivered between 10,000 and 13,000 units across more than 300 cities in China, logging over 50 million kilometers of autonomous driving.

The new capital is earmarked for three primary objectives: advancing research and development for its algorithms and end-to-end large models, expanding its global service networks, and accelerating international market entry. The company has identified the United Arab Emirates as a key target for expansion, alongside existing footprints in Europe, Southeast Asia, and Australia.