Chinese Autonomous Driving Firm Neolix Completes ~$400M Series E, Setting Record for Largest Domestic Funding Round in Sector This Year
Neolix secured a ~$400M Series E led by Boyu Capital and a national fund, surpassing 10 billion RMB in total funding to accelerate global expansion of unmanned delivery.
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On October 20, Chinese autonomous driving technology company Neolix announced the completion of its Series E funding round, raising nearly $400 million. The round was co-led by Boyu Capital and a national-level fund, with participation from Alibaba AEF NextGen Hong Kong Fund, Vertex Growth (under Temasek), GAC Capital, and other institutions.
According to Leiphone, this transaction sets the record for the largest single funding round in China's autonomous driving sector in 2026. To date, Neolix has raised over 10 billion RMB cumulatively, ranking first among unmanned delivery vehicle companies.
Neolix founder Yu Enyuan stated that the funds will be primarily invested in two directions: accelerating the establishment of localized service hubs at major global regional nodes to build a more agile fulfillment network; and increasing investment in the end-to-end large model data training loop to improve autonomous driving safety levels and reduce operational costs.
Over the past year, Neolix has deployed unmanned delivery services in regions including the Middle East, Europe, and East Asia. With recent policy initiatives from China's National Development and Reform Commission and Ministry of Transport promoting unmanned delivery, the regulatory environment for the industry is taking shape.