Autonomous Driving Firm Neolix Raises Nearly $400M, Cumulative Funding Exceeds RMB 10B

On October 20, Neolix, an autonomous driving technology company, announced the completion of a new funding round of nearly $400 million. The company had closed an over $600 million Series D round about a year earlier. Its cumulative financing has now surpassed RMB 10 billion, the highest among unmanned delivery vehicle companies.

According to investment sources, Boyu Capital and the National AI Industry Investment Fund led the round. Alibaba AEF NextGen Hong Kong Fund, Monolith, Temasek-backed Vertex Growth, and GAC Capital also participated, along with existing shareholders such as Stone Venture, SoftBank Asia, E-Town Capital, and Gaorong Ventures.

The National AI Industry Investment Fund was established with contributions from the third phase of the National Integrated Circuit Industry Investment Fund. Its previous allocations have focused on AI computing chips, HBM, large language models, embodied intelligence robots, and AI safety, with investments in companies including Moonshot AI, DeepSeek, Moore Threads, Galbot, and Chaitin Tech.