Neolix Raises Over $600 Million in Historic Series D Funding for Autonomous Delivery Solutions

Neolix Sets New Standards in Autonomous Delivery with Major Funding

Neolix, the world's leading provider of L4 autonomous delivery solutions, has achieved a remarkable milestone by raising over $600 million in its Series D funding round. This achievement marks the largest amount ever raised in China's autonomous driving sector to date, positioning Neolix at the forefront of rapidly evolving logistics technology.

The latest funding round was spearheaded by Stone Venture, based in the United Arab Emirates, accompanied by notable investors such as Gaocheng Capital, CITIC Capital, and Beijing AI Fund, among others. The substantial financial injection will be directed towards enhancing Neolix’s patented autonomous driving algorithms. Additionally, this investment will accelerate the development of innovative products and services tailored to newly identified commercial applications, thereby enriching the user experience and broadening the company’s global expansion plans.

Founded in 2018 by Enyuan Yu, Neolix has rapidly established itself as a powerhouse in the autonomous delivery vehicle market. With over 10,000 RoboVans deployed globally, the company outstrips all competitors in the number of autonomous delivery vehicles on the road, attaining a record of 2,000 vehicle deliveries in a month. Currently, their fleet operates in more than 300 cities across China, with a significant concentration of over 1,200 units in Qingdao alone. Neolix’s popular models, the X3 and X6, have each surpassed 4,000 deliveries, underscoring the growing market demand for their services.

Technologically, Neolix has made significant strides with innovations including the 'Neolix-VA’ AI model designed for seamless navigation through complex traffic conditions, a map-less driving system that enables flexible urban logistics, and an intelligent dispatch platform that optimizes vehicle coordination, roadway use, and order fulfillment. These advancements have collectively contributed to the fleet surpassing 50 million kilometers of autonomous driving.

Since securing the first autonomous delivery license in China in 2021, Neolix's growth trajectory has been impressively steep. The company now controls more than 60% of the country's cumulative delivery market, serving upwards of 300,000 customers. It has firmly established itself in the express delivery sector and is actively expanding into fresh food services, cold chain logistics, and instant delivery solutions.

With an eye on international growth, Neolix has recently extended its operations beyond China by obtaining the inaugural RoboVan license in the UAE in partnership with a tech company based in Abu Dhabi. This international foray signals Neolix’s ambitions to dominate the autonomous delivery landscape on a global scale.

As investments in autonomous delivery solutions continue to rise, Neolix’s latest funding round not only highlights the company’s innovative capabilities but also exemplifies the growing confidence in the autonomous driving industry. As they pave the way for the future of logistics and transportation, Neolix is undeniably a name to watch in the coming years.

Conclusion

The future of logistics is undoubtedly shifting towards autonomous solutions, and with Neolix setting record funding milestones, the push for smarter, efficient, and automated delivery services is accelerating. The combination of cutting-edge technology and significant financial backing positions Neolix as a frontrunner in a competitive market eager for innovation.