China’s Neolix Raises $600 Million to Scale Autonomous Delivery Vehicles Globally
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Neolix Technologies Co. Ltd.’s facility in Changzhou, Jiangsu province. Photo: Bloomberg
Chinese autonomous delivery vehicle maker Neolix Technologies Co. Ltd. announced Thursday it has raised more than $600 million in a Series D funding round—one of the largest private investments in China’s self-driving sector in recent years.
The round was led by UAE-based Stone Venture, with co-lead investors including Gaocheng Capital, Trustar Capital, CDH VGC, SparkEdge Capital, Beijing Artificial Intelligence Industry Investment Fund, and a major internet company, Neolix said in a statement.
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- Neolix Technologies raised over $600 million in Series D funding, led by Stone Venture, and became profitable monthly in early 2024.
- The company aims for 2025 revenue of $140 million, targets full-year profitability by 2026, and plans major international expansion, including deploying 5,000 vehicles in the UAE.
- Neolix has delivered over 10,000 autonomous vehicles, with 50% of monthly sales now to SMEs, and seeks 70–80% revenue from SMEs next year.
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Who’s Who
- Neolix Technologies Co. Ltd.
- Neolix Technologies Co. Ltd. is a Chinese autonomous delivery vehicle maker founded in 2018. It recently raised over $600 million in Series D funding, one of the largest private investments in China's self-driving sector. Neolix became monthly profitable in the first half of the year, expecting $140 million in revenue in 2025 and full-year profitability by 2026. The company has delivered over 10,000 autonomous vehicles and plans international expansion, starting with the Middle East.
- Gaocheng Capital
- Gaocheng Capital was a co-lead investor in Neolix Technologies Co. Ltd.'s Series D funding round, which raised over $600 million. This investment highlights Gaocheng Capital's involvement in one of the largest private investments in China's self-driving sector in recent years.
- Trustar Capital
- Trustar Capital (中信资本) was a co-lead investor in Neolix Technologies Co. Ltd.'s Series D funding round. This significant investment is part of over $600 million raised by Neolix, one of China's largest private investments in the self-driving sector recently.
- CDH VGC
- CDH VGC is an investor in Neolix Technologies Co. Ltd. They participated as a co-lead investor in Neolix's Series D funding round, contributing to one of the largest private investments in China's self-driving sector recently.
- SparkEdge Capital
- SparkEdge Capital (锐智资本) is an investor in Chinese autonomous delivery vehicle maker Neolix Technologies Co. Ltd. They co-led Neolix's Series D funding round, which raised over $600 million. This investment highlights their participation in one of China's largest private funding rounds for the self-driving sector in recent years.
- Beijing Artificial Intelligence Industry Investment Fund
- The Beijing Artificial Intelligence Industry Investment Fund was a co-lead investor in Neolix Technologies Co. Ltd.'s Series D funding round. This round, one of the largest private investments in China's self-driving sector recently, raised over $600 million for the autonomous delivery vehicle maker. The funds will support AI algorithm development and production scaling.
- G42
- G42 is a state-owned artificial intelligence firm based in the UAE. It has partnered with Neolix Technologies Co. Ltd. to deploy 5,000 autonomous delivery vehicles in the UAE by the end of 2026, following Neolix's receipt of a license to operate autonomous vehicles on public roads in the region.
- SF Express Co. Ltd.
- SF Express Co. Ltd. (顺丰控股有限公司) is one of Neolix's top-tier clients in the autonomous delivery market. Neolix already commands over 70% of this market among such large clients. However, Neolix is now shifting its focus from these oversaturated top-tier clients to small and midsize enterprises.
- JD.com Inc.
- JD.com Inc. is identified as one of Neolix Technologies Co. Ltd.'s top-tier clients. Neolix already services JD.com Inc. and other large clients, commanding over 70% of the autonomous delivery market. However, Neolix is now shifting its focus away from these oversaturated top-tier clients toward small and midsize enterprises.
- ZTO Express Co. Ltd.
- ZTO Express Co. Ltd. (中通快递股份有限公司) is a leading integrated express delivery service provider in China. Neolix Technologies Co. Ltd., an autonomous delivery vehicle maker, has historically supplied its services to top-tier clients like ZTO Express, holding over 70% of the autonomous delivery market with these clients.
- Li Auto Inc.
- Li Auto Inc. was an investor in Neolix Technologies Co. Ltd. prior to Neolix's recent Series D funding round. Neolix, a Chinese autonomous delivery vehicle maker, had raised over 2 billion yuan from various investors, including Li Auto Inc.
- Didi Global Inc.
- Didi Global Inc. is mentioned as an investor in Neolix Technologies Co. Ltd. Didi Global Inc. previously invested in Neolix, contributing to the more than 2 billion yuan raised by the autonomous delivery vehicle maker before its recent Series D funding round.
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What Happened When
- 2018：
- Neolix Technologies Co. Ltd. was founded.
- Early 2024：
- Neolix began focusing increasingly on SMEs, which now make up half of its monthly sales.
- First half of 2025：
- Neolix became profitable on a monthly basis.
- As of September 2025：
- Neolix has delivered more than 10,000 autonomous vehicles.
- By year-end 2025：
- Neolix targets monthly deliveries of 3,000 units.
- 2025-10-24：
- Neolix announced it raised over $600 million in Series D funding.
- Before 2025-10-24：
- Neolix became the first company in the Middle East to receive a license to operate autonomous vehicles on public roads in the UAE.
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