Neolix closes nearly $400M Series E round

On October 20, 2026, Chinese driverless delivery vehicle maker Neolix announced that it had closed a Series E round of nearly $400 million. Bloomberg reported the same day that Alibaba took part in the round, which is intended to fund the company's global expansion. According to IT之家, the round was co-led by Boyu Capital and a state-level fund, with Gaohu Capital serving as sole financial advisor; Jiemian News, citing sources in the investment community, identified Boyu Capital and the National AI Industry Investment Fund as the lead investors. IT之家 also reported that the round set the largest single financing in China's autonomous driving sector that year, and that Neolix's cumulative funding has now passed 10 billion yuan, the highest in the driverless delivery vehicle industry.

On how the money will be used, the company said it will focus on two areas. The first is deepening its refined operations network, accelerating the buildout of localized service hubs in major global regions and creating a more responsive and efficient worldwide customer fulfillment network. The second is increasing investment in an end-to-end large-model data training loop, in order to raise the safety level and vehicle performance of its autonomous driving while continuing to lower whole-lifecycle vehicle operating and maintenance costs. Public information currently stops at the announcement of the round and the stated use of proceeds; the materials do not mention closing conditions or a specific deployment timetable.