Neolix, a Chinese company developing autonomous delivery vehicles for urban logistics, has raised over US$600 million in a series D round.
The funding was led by UAE-based Stone Venture and included Gaocheng Capital, Centurium Capital affiliates, CDH VGC, Zhaoxi Capital, and the Beijing AI Industry Investment Fund.
Neolix said it will use the funds for research and development, new product development, and expanding its service network.
The company reported it has produced over 10,000 vehicles as of September 2025.
Neolix described this deal as the largest private fundraising in China’s autonomous-driving sector.
Founded in 2018, its vehicles operate in campuses, business districts, and residential areas in China.
🔗 Source: Pandaily
🧠 Food for thought
Implications, context, and why it matters.
China’s autonomous delivery growth depends on unit economics
- Neolix hit 10,000 vehicles and says it is near breakeven at 1,000 plus monthly sales 1. Commercial viability still rests on utilization and per-vehicle margins, metrics missing from the update.
- Output rose to nearly 2,000 units a month from just over 1,000 last year 1. The company shared no revenue scale, backlog, or named buyers beyond a ‘major internet firm’ investor, so investors cannot validate traction.
- China sold 6,600 autonomous delivery units in 2024 and over 12,000 in the first half of 2025 2. Neolix’s 10,000 cumulative vehicles form a large base. Forecasts above 30,000 sales this year 2 will test whether it can keep share as automakers and logistics startups step up.
Service providers can target 103 Chinese cities with road access
- Road access now covers unmanned delivery vehicles in 103 cities that account for over 80% of major logistics hubs 2. This opens work for teleoperations platforms (human-in-the-loop remote assistance), charging networks, and V2X integration to support fleets moving into paid deployment.
- Large operators include China Post (the national postal service) plus SF Express and STO. ZTO and J&T Express also plan bigger rollouts, with the postal service ordering 7,000 vehicles worth 2 billion yuan 2.
- Neolix’s Abu Dhabi partnership won an unmanned logistics license 1. Chinese autonomous vehicle firms target Southeast Asia, Europe, and the Middle East 3. Service vendors who can manage looser data rules in those regions get a clearer path to expand.
