Neolix has closed over $600 million in Series D funding, marking the largest private investment round in China’s autonomous driving sector. The financing also ranks among the biggest private deals in China this year, as the L4 autonomous delivery provider accelerates its domestic and international expansion.
UAE-based Stone Venture led the round. Other participants include Gaocheng Capital, CITIC Capital, CDH, Sparkedge Capital, Beijing AI Fund, and one of China’s largest internet platforms. Existing backers such as Legend Capital, Gaorong Ventures, Templewater, and SAIC also joined the financing.
Market Context and Industry Position
Autonomous delivery has become a fast-growing segment within the broader self-driving vehicle market. Companies worldwide are racing to deploy commercial fleets that can handle last-mile logistics, express parcels, and fresh food delivery. Neolix has positioned itself at the center of this shift, building a substantial lead in vehicle deployments and operational scale.
The company now holds more than 60% of the market share in cumulative shipments within China. Its fleet serves over 300,000 clients across sectors including express delivery, cold chain logistics, and on-demand services.
Funding Allocation and Strategic Priorities
The new capital will be directed toward several core areas. Neolix plans to refine its proprietary autonomous driving algorithms, which underpin the company’s navigation and safety systems. Product development will expand into additional commercial use cases beyond its current offerings.
The company will also invest in its service network and user experience infrastructure. International expansion remains a top priority, with Neolix aiming to replicate its Chinese success in new markets. The UAE partnership represents an early step in this strategy, providing a foothold in the Middle East.
Operational Scale and Technology Platform
Founded in 2018 by Enyuan Yu, Neolix has delivered more than 10,000 L4 autonomous vehicles—more than any competitor globally. The company achieved a milestone of 2,000 vehicle deliveries in a single month, demonstrating both manufacturing capacity and market demand.
Its vehicles now operate in over 300 cities across China. Qingdao alone hosts more than 1,200 units. The company’s X3 and X6 models have each surpassed 4,000 deliveries, with both platforms proving popular among commercial clients.
Proprietary AI and Navigation Systems
Neolix has developed several technical innovations that differentiate its platform. The company introduced “Neolix-VA,” an AI model designed to handle complex urban traffic scenarios. This system enables smoother navigation in environments with high pedestrian and vehicle density.
The company also built a map-free driving system, which allows its vehicles to operate without pre-mapped routes. This capability is particularly useful for dynamic logistics applications where delivery zones change frequently. A smart dispatch platform coordinates vehicle assignments, route optimization, and order fulfillment across the fleet.
Collectively, Neolix’s autonomous vehicles have traveled more than 50 million kilometers. This operational data feeds back into algorithm improvements and safety validations.
Regulatory Milestones and Market Expansion
Neolix received China’s first autonomous delivery license in 2021, giving it an early regulatory advantage. Since then, the company has expanded rapidly across multiple provinces and municipalities. It now dominates the express delivery segment while pushing into adjacent verticals like fresh food and cold chain distribution.
Internationally, Neolix recently secured the UAE’s first RoboVan license through a partnership with an Abu Dhabi-based technology company. This move marks the company’s first major international deployment and sets the stage for further expansion in the Gulf region and beyond.
Investor Backing and Growth Trajectory
The Series D round brings together a diverse group of financial and strategic investors. Stone Venture’s involvement reflects growing interest from Middle Eastern capital in China’s autonomous vehicle sector. Participation from CITIC Capital, CDH, and other established firms signals confidence in Neolix’s business model and long-term growth potential.
Existing investors Legend Capital, Gaorong Ventures, Templewater, and SAIC continued their support, reinforcing the strength of earlier backing rounds. The company’s ability to attract one of China’s largest internet platforms as an investor also points to potential synergies in logistics and data infrastructure.
With this latest financing, Neolix is positioned to maintain its lead in autonomous delivery while testing its model in new geographies and use cases.
