Neolix Technologies, the Chinese developer of Robovan, has announced it is raising nearly $400 million in a Series E funding round as it seeks to expand overseas and scale commercial operations.
The round, anchored by Boyu Capital, attracted Alibaba’s AEF NextGen Fund, Monolith Management, Granite Asia, Vertex Growth, Meridian Capital, GAC Capital and other investors, the company said on Tuesday.
Existing shareholders, including Trustar Capital, CDH VGC and Yunqi Partners, also participated in the round.
The fundraising comes about a year after it raised $600 million in its Series D financing, the largest private fundraising in China’s autonomous driving sector.
It secured 1 billion yuan ($137.3 million) in an extended Series C round of financing in February 2025.
In 2021, the startup closed a Series B round at “a few hundred million Chinese yuan,” with CICC Capital and SoftBank Ventures Asia jointly leading the deal. It raised nearly 100 million yuan ($13.7 million) in a Series A round in 2019.
Neolix, founded in early 2018, specialises in the development of autonomous logistics vehicles, or the so-called “Robovans” that automate deliveries of goods and cargo in office and industrial parks, university campuses, residences, and central business districts.
Its vehicles and delivery services operate in markets across the Middle East, Europe, Asia and Australia, the company said.
Neolix’s cumulative funding has exceeded $1.4 billion, according to the company, which described the latest round as the largest single financing in China’s autonomous driving sector this year.
The company plans to use the proceeds to establish local service hubs in major regional markets and expand its global customer fulfilment network. It will also invest in data training for its artificial intelligence models to improve vehicle safety and performance and reduce operating costs.
“Our goal is to build an efficient, reliable autonomous transport network that becomes part of urban and rural infrastructure and makes affordable logistics accessible to more communities,” said Enyuan Yu, founder and CEO of Neolix.
In June, Neolix received approval from Malaysia’s Ministry of Transport to begin public-road sandbox testing of its Level 4 autonomous delivery vehicles in Cyberjaya, marking its entry into the country’s autonomous mobility programme and advancing its Southeast Asia expansion.
The approval, granted under Malaysia’s National Regulatory Sandbox framework, allows Neolix to begin road trials in Cyberjaya, the country’s smart city hub. The company said the move complements its ongoing expansion efforts in Singapore and the broader Asia-Pacific region.
Neolix will conduct the pilot with Malaysian logistics provider Tiong Nam Logistics, mobility platform Asia Mobiliti, and AI infrastructure company MindHub. The trials will evaluate use cases including parcel delivery, campus logistics and e-commerce fulfilment, with testing expected to run through the second half of the year.
The company said Southeast Asia’s growing e-commerce sector and increasing investment in AI, robotics, and smart mobility make the region a key market for autonomous logistics.
