SoftBank co-leads Chinese self-driving vehicle firm’s series B round

Neolix, a China-based autonomous vehicle firm, said it had closed a new round of funding in early 2021 to raise an undisclosed multimillion-dollar investment amount.

More funding details

• Lead investors: CICC Capital and SoftBank Ventures Asia
• Returning investors: Yunqi Capital and Glory Ventures
• Stage: Series B

More company updates

• Neolix will use the new funds to broaden its range of services and extend the reach of its vehicle network to more local and global markets.
• The investment comes after the company secured its first batch of on-road licenses for its autonomous delivery vehicles in Beijing’s high-level autonomous driving demonstration zone in May.
• Meanwhile, Beijing’s Yizhuang Development Area also recently established 5G coverage throughout the district for driverless vehicle testing.
• To date, Neolix has deployed and delivered nearly 1,000 autonomous vehicles in nine countries and over 30 cities worldwide, with a cumulative safe-driving mileage of over 1.3 million kilometers.

For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.