❯ Neolix completes nearly $400 million Series E to expand autonomous-delivery operations

The company announces a completed roundNeolix announced a nearly $400 million Series E on October 20. 21st Century Business Herald reported that Boyu Capital and an unnamed national-level fund co-led the round, with participation from Alibaba’s AEF NextGen Hong Kong fund and others. Neolix previously completed a Series D exceeding $600 million in 2025, and cumulative financing now exceeds RMB 10 billion.

Autonomous vehicles sell transport capacityNeolix builds Level 4 delivery vehicles that can drive themselves within defined conditions and areas. The company says it operates more than 30,000 vehicles across over 300 cities in nearly 20 countries. Its services are rooted in parcel delivery and related logistics: customers pay for transport capacity that reliably completes deliveries.

Funding supports service networks and model improvementThe Cover reported that proceeds will improve global operating services and the data-training loop for end-to-end AI models. Fleet expansion requires regional support, maintenance and local operations alongside vehicles. Operational data can support safety improvements and lower lifetime vehicle costs.

▮ SIGNALScale in autonomous delivery comes from vehicles, local services and operational data together; reliable fulfillment determines whether customers keep buying capacity.