Neolix Secures $400 Million in Series E Funding

Autonomous driving technology company Neolix announced today the completion of its Series E funding round, raising nearly 400 million USD. This funding is reported to be the largest single financing round in the domestic autonomous driving sector this year.

The round was co-led by Boyu Capital and a national-level fund, with Gao Gu Capital serving as the exclusive financial advisor. Sources close to the investment circle confirmed that Boyu Capital and the National Artificial Intelligence Industry Investment Fund were the lead investors in this financing.

With this latest funding, Neolix's total financing amount has surpassed 10 billion RMB, securing its position as the leader in the unmanned delivery vehicle industry.

Following the completion of this round, Neolix plans to focus its investments in two main areas: enhancing its operational network to establish localized service hubs in key global regions, and increasing its investment in end-to-end large model data training to further improve safety levels and vehicle performance while reducing the operational costs throughout the vehicle's lifecycle. This information was reported by ITHome.