Neolix, a Chinese company that builds and runs driverless delivery vans, has closed a Series E round of nearly $400m. It announced the round on 20 October 2026.
Boyu Capital led the round. In a LinkedIn post, Neolix named Alibaba's AEF NextGen fund, Monolith Management, Granite Asia and Vertex Growth, the Temasek-backed firm, among the new investors, and said existing shareholders had also increased their commitments. The company did not disclose a valuation.
Neolix said the round lifts its total funding to more than $1.4bn, or RMB10bn. According to JRJ.com, the company described it as the largest single financing in China's autonomous-driving sector this year.
What Neolix does
Neolix makes Level 4 autonomous vans, which it calls RoboVans, and uses them mainly for parcel and logistics deliveries in cities. DealStreetAsia reported that the company was founded in early 2018 and is run by its founder and chief executive, Yu Enyuan.
In its announcement Neolix said more than 30,000 of its RoboVans operate across more than 320 cities in over 20 countries and regions, and that they have driven more than 260 million kilometres on their own. These are the company's own figures; the 21st Century Business Herald gave slightly lower counts of more than 300 cities and nearly 20 countries.
Yu told DealStreetAsia that the company wants to build an efficient and reliable autonomous transport network that becomes part of the infrastructure of both cities and the countryside.
Who invested
Media reports named a wider group of backers than the company's post. The 21st Century Business Herald reported that Boyu shared the lead with a national-level fund, which it said sources identified as the National AI Industry Investment Fund, making what the paper described as that fund's first investment in autonomous driving and unmanned logistics. Neolix itself did not name the fund.
According to the Herald and JRJ.com, other new investors included Ji Yuan Capital, Huaying Capital, GAC Capital, Chia Tai Robotics and Gaohu Capital, which JRJ said acted as exclusive financial adviser. DealStreetAsia also listed Meridian Capital.
Existing investors that added to their stakes included Stone Venture, Trustar, CDH VGC, Gaorong Ventures, Yunqi Partners, Yizhuang State Investment and SoftBank Asia, according to the three reports.
What the money is for
Neolix said it will use the funding to set up local service hubs in major regions around the world and to strengthen the closed-loop data training behind its vision-based, end-to-end AI driving models. DealStreetAsia reported that the company expects this work to improve vehicle safety and performance and to lower operating costs.
Overseas expansion is a large part of the plan. The 21st Century Business Herald reported that Neolix has deployed vans at scale in the United Arab Emirates and is moving into Saudi Arabia and Qatar. In Europe it has a regional headquarters in Luxembourg and pilots in Portugal, Belgium and Switzerland, the paper said, while in Asia it runs commercial operations in South Korea and is testing in Japan and Malaysia.
DealStreetAsia reported that Malaysia's transport ministry approved public-road sandbox testing of Neolix's Level 4 vans in Cyberjaya in June 2026.
The funding so far
Neolix has raised money at a quick pace. According to DealStreetAsia, it raised nearly RMB100m (about $13.7m) in a Series A in 2019, followed by a Series B in 2021 led jointly by CICC Capital and SoftBank Ventures Asia. An extended Series C of RMB1bn (about $137m) followed in February 2025, and the company then raised a Series D of more than $600m in 2025, a round the Herald said included Tencent as a strategic investor.
The new round comes about a year after that Series D. Neolix has not said how many people it employs.
Company website: neolix.net