Chinese autonomous-delivery vehicle company Neolix Technologies has raised nearly $400 million in a Series E round led by Boyu Capital, giving the company additional capital to expand its driverless logistics operations outside China.
The financing brings Neolix’s cumulative funding to more than $1.4 billion. Neolix did not disclose its valuation.
Alibaba fund and global investors join the round
New investors included Alibaba Group’s AEF NextGen Fund, Monolith Management, Granite Asia Capital and Vertex Growth. DealStreetAsia also named Meridian Capital and GAC Capital among the participants.
Existing investors including Stone Venture, Trustar Capital, CDH VGC and Yunqi Partners also participated, according to the reports. The investor mix combines Chinese private capital with institutions that have portfolios spanning Asia and other global markets.
Participation from both new and returning investors gives Neolix capital for expansion while maintaining backing from shareholders familiar with its earlier commercialization efforts. The terms of the round, ownership changes and investor rights were not disclosed.
Neolix described the transaction as the largest single financing in China’s autonomous-driving sector this year. The Series E follows a funding round announced in 2025 that Neolix described as exceeding $600 million. That earlier round supported algorithm development, new commercial products, service-network expansion and international growth.
Proceeds target overseas service and AI development
Neolix plans to use the new capital to establish local service hubs in major regional markets and expand its international customer-fulfillment network. It also intends to invest in training data for its artificial intelligence models, with the stated goals of improving vehicle safety and performance while reducing operating costs.
The Beijing-founded company develops Level 4 autonomous delivery vehicles, commonly described as RoboVans, for express parcels, retail replenishment, cold-chain distribution, industrial logistics and campus operations. Its systems combine electric vehicle platforms, sensors, autonomous-driving software and centralized fleet management.
Neolix said it now operates more than 30,000 driverless vehicles across more than 300 cities in 20 countries. Those deployment figures were supplied by the company and have not been independently audited. They nevertheless indicate the scale that Neolix is presenting to investors as it moves from pilots toward commercial fleet operations.
The company faces the same execution questions as other autonomous-logistics providers. Expanding a fleet requires regulatory approvals, local maintenance and support, reliable remote operations and sufficient delivery volume to justify the hardware and service costs. Public-road deployments also expose systems to traffic, weather and operating conditions that are harder to control than closed campuses or industrial sites.
Southeast Asia is part of the expansion plan
Neolix’s overseas strategy already includes Southeast Asia. In June, the company received approval under Malaysia’s National Regulatory Sandbox to begin autonomous-delivery testing in Cyberjaya.
The Malaysia program involves Tiong Nam Logistics, Asia Mobiliti and MindHub. Planned use cases include parcel delivery, campus logistics and e-commerce fulfillment across closed, semi-open and public-road environments. Neolix said the program would help it develop operating models for other dense urban markets that use left-hand traffic.
The company also has partnerships and testing programs in Singapore, Japan, South Korea, the Middle East and Europe. Building local service hubs could help it address the operational requirements that accompany those deployments, including vehicle maintenance, regulatory compliance and customer support.