Neolix, the world’s largest provider of Level 4 (L4) autonomous delivery vehicles, has completed a record-breaking $600 million Series D funding round, the most significant private financing in the history of China’s autonomous driving sector. The round also ranks among the most significant private investments in the country this year, underscoring the growing confidence in autonomous logistics and Neolix’s technological leadership.
The Series D round was led by UAE-based StoneVenture, with participation from Gaocheng Capital, CITIC Capital, CDH, Sparkedge Capital, Beijing AI Fund, and one of China’s leading internet platforms. Additional investors include Legend Capital, Gaorong Ventures, and Templewater, with continued support from existing backer Yunqi Partners. Cygnus Equity served as the exclusive financial advisor for the transaction.
The new funding strengthens Neolix’s mission to make autonomous vehicles more accessible worldwide. And the company plans to use the funding to advance its core algorithms and R&D, accelerate global expansion, and enhance service capabilities and user experience. CEO and Founder Enyuan Yu said the financing will fortify Neolix’s technological and market leadership as it continues scaling large-scale commercial deployments of autonomous logistics vehicles in China and internationally.
Founded in 2018, Neolix has rapidly become the dominant force in the global autonomous delivery market. The company has deployed over 10,000 RoboVans across 300 cities, achieving a record 2,000 deliveries in a single month. In Qingdao alone, more than 1,200 units are currently in operation. Its X3 and X6 models have each surpassed 4,000 deliveries, reflecting strong and sustained market demand.
Neolix’s success is fueled by its proprietary “Neolix-VA” vision-action foundation model—the first large-scale end-to-end AI system used in logistics—which enables vehicles to navigate complex urban environments using advanced spatial reasoning and real-time decision-making. The company is also the first in the freight industry to deploy fully map-free autonomous driving, achieving accurate point-to-point delivery on public roads. Collectively, Neolix’s fleet has logged more than 50 million kilometers of L4 autonomous driving.
Since obtaining China’s first autonomous delivery license in 2021, Neolix has grown exponentially, with vehicle deliveries increasing more than tenfold annually for two consecutive years. The company now controls over 60% of cumulative market share, 70% of new monthly shipments, and 80% of monthly revenue within China’s autonomous delivery sector. Its clients include all major logistics providers—SF Express, JD Logistics, China Post, STO, YTO, ZTO, and J&T Express—where Neolix commands nearly 70% of key account tenders.
Beyond express logistics, Neolix is expanding into fresh food, cold chain, supermarket, and urban freight operations. Each RoboVan can complete more than 10 delivery cycles per shift, significantly improving operational efficiency. Earlier this year, the company partnered with Didi Freight to launch the world’s first “RoboVan-as-a-Service” (RaaS) model, lowering adoption barriers for businesses integrating autonomous delivery into their logistics networks.
Globally, Neolix is accelerating expansion into new regions. In 2025 alone, the company secured the first-ever RoboVan license in the UAE through a partnership with Abu Dhabi-based K2 Group, joined Japan’s leading autonomous-driving consortium, Autoware, and signed a strategic cooperation agreement with the Incheon Metropolitan Government to promote RoboVan deployment in South Korea.
Industry forecasts anticipate that China’s autonomous delivery vehicle market will enter a rapid growth phase, with sales expected to exceed 30,000 units in 2025. Neolix projects that major Chinese cities such as Beijing, Shanghai, and Guangzhou will soon host thousands of autonomous vehicles daily, forming intelligent logistics networks that enhance resource allocation and operational efficiency.
KEY QUOTES:
“We believe autonomous delivery is a key part of future urban logistics. Neolix will continue building a robust fleet, advancing visual algorithms and dispatch engines to deliver safe and efficient autonomous solutions. Our goal is to empower urban logistics with autonomous driving, making RoboVans a new productivity tool and driving digital transformation in the industry.”
Enyuan Yu, Founder and Chief Executive Officer, Neolix
“As an industry leader, Neolix has been at the forefront of exploring the implementation of L4 autonomous driving technology in the logistics sector and achieving Product-Market Fit. It has experienced rapid growth on the path to commercializing unmanned driving technology, serving numerous leading customers within the industry, while also demonstrating highly competitive development potential in overseas markets. As a patient growth-stage fund, we hold a highly optimistic view of China’s world-leading position in integrating hardware and software capabilities. We are committed to continuously supporting and assisting Neolix in creating value for its customers and the broader industry, consolidating its leadership position, and facilitating the global expansion of China’s cutting-edge technologies.”
Hong Jing, Founding Partner and Chief Executive Officer, Gaocheng Capital
“Amid widening labor shortages and surging parcel volumes, Neolix’s autonomous delivery vehicles represent more than just tools, they are keys to breaking through industry bottlenecks. CDH VGC will leverage its extensive industrial resources to help Neolix integrate deeply with China’s robust supply chain ecosystem and diversified logistics scenarios, supporting its evolution from mass deployment to global ecosystem building. We aspire to be an ‘intelligent partner’ of our era, joining hands with true builders to drive industrial transformation.”
Wang Lin, Founding Partner, CDH
“Our investment reflects long-term conviction in the transformative potential of smart logistics. Autonomous driving technology will fundamentally reshape the industry’s cost structure and operations. What sets Neolix apart is its ability to innovate consistently and create enduring value, which could be the strongest competitive moat. As a long-term partner, CITIC Capital will leverage deep industrial expertise to help Neolix expand new applications, accelerate technological iteration and global growth, defining the future paradigm of logistics.”
Zhao Lei, Partner, CITIC Capital
“Since Neolix’s founding, we’ve been firm believers in its long-term potential in autonomous delivery. From the first vehicle to the ten-thousandth, the team has continuously raised the bar for the industry through solid engineering and relentless innovation in terms of algorithms, systems, and monetization. Yunqi Partners will continue to accompany Neolix on its journey, driving deeper application of autonomous driving across China’s trillion-level logistics market.”
Chen Yu, Partner, Yunqi Partners
