Chinese autonomous delivery vehicle maker Neolix Technologies has raised about USD 400 million in Series E funding, with investors linked to Alibaba and Temasek joining the round. Boyu Capital led the financing as Neolix prepared to expand its driverless delivery services overseas. The deal takes the Beijing-based company's total fundraising above USD 1.4 billion, according to Bloomberg's October 20 report.
Alibaba's AEF NextGen Fund, Temasek-backed Vertex, Monolith Management, and Granite Asia Capital joined as new investors. Existing backers Stone Venture and Trustar Capital also took part. Neolix did not disclose its valuation or how much each investor contributed. The company described the deal as China's largest single autonomous driving funding round this year.
New Capital Targets Service Networks and Technology
Neolix plans to use the money to establish local service centers and expand its international delivery network. It will also invest in artificial intelligence systems that help its vehicles navigate roads, detect obstacles, and complete deliveries.
The service centers will support vehicles after deployment, including maintenance and software assistance. Meanwhile, the wider network will help Neolix serve logistics customers across different markets. These plans extend beyond selling vehicles to supporting their day-to-day use as the business grows abroad.
Founded in 2018 by Chief Executive Enyuan Yu, Neolix develops Level 4 autonomous vehicles known as robovans. They can drive without onboard human intervention within defined operating conditions. Their work includes parcel distribution, retail deliveries, and transport inside industrial parks.
The new round follows a Series D financing of more than USD 600 million in 2025. This investment supported driving algorithms, product development, and overseas operations. The latest funding continues those areas while adding a larger focus on international services.
Robovan Fleet Expands Across Overseas Markets
Neolix reported more than 27,000 deployed vehicles in September. Bloomberg later reported over 30,000 vehicles across more than 300 cities and 20 countries in October. Those company-reported figures describe deployments, not independently verified vehicle activity.
Europe forms part of the expansion. In September, Neolix announced plans for a European headquarters in Luxembourg and partnerships to support local commercial operations. The company also joined a Brussels pilot involving Espaces-Mobilités and Stalem.
That project will test autonomous delivery and waste collection during a planned 12-month trial. It still requires the necessary approvals, with operations targeted for the fourth quarter of 2026. The work will assess vehicles within local operating rules.
These pilots cover different uses, from carrying parcels to collecting waste. Each project must follow the safety rules and operating limits of its host market before wider deployment.
Elsewhere, Malaysian authorities approved public-road testing in Cyberjaya in June. Neolix and local partners plan to assess parcel delivery, campus transport, and e-commerce fulfillment. Testing approval does not, by itself, grant permission for broad commercial operations.
The company's international plans also cover Asia, Europe, the Middle East, and Australia through local partnerships and service support.
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Competition Grows in Driverless Delivery
Neolix faces other companies developing driverless logistics vehicles in China. Earlier this year, Alibaba's logistics arm Cainiao agreed to combine its driverless vehicle operations with rival Zelos. Cainiao also made a strategic investment in Zelos.
That arrangement gives Alibaba a role in another autonomous delivery business alongside the Neolix funding round. Neolix, meanwhile, continues to build partnerships and service networks outside China as its reported fleet expands.
Its operations will depend on local safety requirements, road conditions, customer contracts, and the support available to deployed fleets.
Costs will also shape the business. Logistics providers must consider vehicle purchases, maintenance, remote supervision, and regulatory compliance when comparing driverless delivery with staffed services. Neolix has not disclosed its latest valuation or detailed profitability figures.
Conclusion
Neolix's USD 400 million Series E round adds new investors as the company grows its overseas delivery network. The funding will support local service centers, vehicle operations, and driving technology. Its wider rollout will follow local approvals, while fleet costs and customer contracts remain important business factors.