Neolix, the world's largest provider of L4 autonomous delivery ( RoboVan ) solutions, has raised over US$600 million in its Series D financing, representing the largest private fundraising in China’s autonomous driving sector to date. It is also among the biggest private investments in China this year.

The financing round, announced on October 23, was led by UAE-based StoneVenture and joined by Gaocheng Capital, CITIC Capital, CDH, Sparkedge Capital, Beijing AI Fund, and one of the largest internet platforms in China. Other key investors include Legend Capital, Gaorong Ventures, and Templewater. Neolix’s existing backer Yunqi Partners also increased its holdings.

Cygnus Equity acted as the exclusive financial adviser for the transaction.

The fundraising marks a new chapter in Neolix's mission to “make autonomous vehicles accessible worldwide”, underscoring strong investor confidence in the company’s technological edge and commercial momentum. The company plans to use the funds to further invest in algorithm and technology R&D, develop new products for diverse commercial scenarios, enhance its service network and user experience, and fuel its global expansion plans.

Neolix's founder and CEO Enyuan Yu says the Series D fundraising will strengthen the company’s technological and market leadership in autonomous intra-city logistics, accelerating large-scale commercial deployment to meet the growing domestic and international demand. He says: “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.”

Neolix has rapidly emerged as a global leader in autonomous delivery vehicles since its launch in 2018. The company has delivered over 10,000 L4 RoboVans, more than any other firm worldwide, and achieved a record-breaking 2,000 vehicle deliveries in a single month. Its vehicles are now deployed in over 300 cities in China, with Qingdao hosting more than 1,200 units.

Since obtaining China's first autonomous delivery licence in 2021, Neolix has experienced explosive growth. Vehicle deliveries have increased more than tenfold annually for two consecutive years. Today, the company holds a cumulative market share of over 60%, 70% of new monthly shipments, and 80% of monthly revenue in China’s autonomous delivery vehicle segment, serving more than 300,000 clients ranging from large enterprises to small businesses.

Neolix's success extends beyond China. In October 2025, Neolix partnered with K2 Group, an Abu Dhabi–based AI technology firm, to secure the first RoboVan licence ever issued in the UAE, paving the way for scaled deployment across the Middle East. The company also joined Japan’s largest autonomous driving association, Autoware, in September 2025, and in July 2025, signed a strategic cooperation agreement with the Incheon Metropolitan Government to promote RoboVan deployment in South Korea.

Analysts anticipate exponential growth in autonomous delivery vehicles over the next three years. Soochow Securities forecasts that more than 30,000 units will be sold in China in 2025 alone.