Series B: $400 million! Jiushi Intelligence completed a $100 million Series B4 financing led by Ant Group | Light Source Deals
Recently, Jiushi Intelligence, the global pioneer of L4 RoboVans, announced the completion of a $100 million Series B4 financing round. This round was led by Ant Group, with participation from new and existing shareholders such as Blue Lake Capital and BV Baidu Ventures. Light Source Capital served as the exclusive financial advisor. As of this round, Jiushi Intelligence has raised a total of $400 million in its Series B financing, making it one of the largest financing rounds for a technology company in the Chinese market this year and a landmark event in the global L4 autonomous driving field.
After this financing round, Jiushi Intelligence will increase its R & D investment in autonomous driving technology and strengthen its capabilities in product iteration, supply - chain self - control, global market expansion, and improvement of the customer service system. It aims to build a more intelligent, efficient, and green unmanned freight network for the world.
Jiushi Intelligence has the world's earliest R & D team for autonomous driving technology. It has excellent innovation capabilities and profound engineering expertise. With in - depth user insights and a forward - looking strategic vision, it innovatively launched the world's first medium - and large - sized unmanned freight vehicle for urban motorways, opening up a new field of L4 RoboVans in autonomous driving.
Innovation has always been the foundation of Jiushi Intelligence. It has taken the lead in the industry by launching different series of RoboVans, including high - capacity, heavy - load, and cold - chain models, fully meeting the needs of various urban distribution scenarios such as express delivery, retail, fresh food catering, and industrial logistics. In addition, the early deployment of L4 map - less technology has effectively supported the full - scale operation in the instant delivery field.
The full - series unmanned logistics vehicle family of Jiushi Intelligence
In May 2023, Jiushi Intelligence globally launched the mass - produced Z5 series of L4 RoboVans (medium - and large - sized unmanned freight vehicles with a volume of ≥5m³), setting several industry records: the first unmanned freight vehicle to operate on urban motorways, the first to offer vehicle sales + FSD subscription services, and the first large - scale commercial implementation of unmanned freight. In June 2024, Jiushi Intelligence completed the layout of the Z series with four models: Z2, Z5, Z8, and Z10. The Z series vehicles are known for their full - scenario compatibility, covering scenarios such as narrow - road parks, standard distribution, and heavy - load long - distance transportation, and are suitable for various industries such as express delivery, fresh food, and industrial logistics.
The E series unmanned vehicle family of Jiushi Intelligence
In May 2025, Jiushi Intelligence launched the E6, the first product of the new E series. The E series is designed for light - and bulky - cargo scenarios represented by express logistics. Compared with the Z series, the E series features a lighter body and a larger cargo box. The new product reduces the user's vehicle - using cost and increases the loading capacity, further achieving cost reduction and efficiency improvement.
The L series unmanned vehicle family of Jiushi Intelligence
In August 2025, Jiushi Intelligence continued to iterate its products and launched the first 5 - cubic - meter product of the L series with higher load capacity and higher charging efficiency. Heavy - load operation is a well - recognized "difficulty" in the unmanned vehicle industry, requiring a stronger chassis and power system, as well as a full - link safety redundancy and scheduling system. The emergence of the L series has doubled the load capacity of unmanned urban distribution vehicles to over 1.8 tons. There is no comparable product in the current market. Large and heavy goods such as rice, oil, tires, hotel linens, and cloth can be transported at once, greatly improving logistics efficiency and reducing unit logistics costs.
In addition to standardized logistics products, Jiushi Intelligence is constantly exploring the application scenarios of unmanned vehicles. Through cooperation with ecological partners, Jiushi's unmanned vehicles have been successfully applied in fields such as security patrol, environmental sanitation, gas, and retail.
The unmanned road - sweeping vehicle developed by Jiushi Jijing is performing garbage dumping operations
The security patrol vehicle modified from the 2024 Z5 model of Jiushi is performing drone patrol operations
The concepts of safety and technological innovation have been deeply ingrained in the team's DNA since the establishment of Jiushi. Jiushi Intelligence has built a core barrier for L4 - level autonomous driving with its full - stack self - developed technology. Its advanced nature runs through the entire chain of hardware innovation, software optimization, and test iteration, and has been fully verified through large - scale commercial applications.
In the field of perception hardware, Jiushi has achieved the only breakthrough in the industry — it is the first to apply automotive - grade solid - state lidar to L4 products. Combining with binocular vision and large - model perception technology, it has built a four - dimensional perception system of "lidar + camera + millimeter - wave radar + ultrasonic". The dual OrinX chips it is equipped with, combined with model lightweight technologies such as quantization, sparsity, and distillation, achieve high - safety perception capabilities in urban road conditions. The automotive - grade hardware of the whole vehicle ensures that the unmanned vehicle can operate stably for more than 5 years and is suitable for extreme operating environments. Jiushi's unmanned vehicles can be found in places as diverse as the extremely cold northeast in winter, the hot and humid Hainan all year round, the hot and dry northwest, and the Qinghai - Tibet Plateau, the world's third pole. The self - controlled R & D results of Jiushi's core hardware have defined the industry standard for L4 RoboVan unmanned vehicles and built a hardware moat for the enterprise.
The extreme optimization at the software architecture level further highlights Jiushi's technological leadership. Based on the ZOE 2.0 architecture and the Transformer backbone network, the end - to - end model response time has been compressed to 35ms, four times faster than the industry average. Its distributed simulation platform can "verify 6 months of operating road conditions per hour", greatly improving the algorithm iteration efficiency. In 2025, all new models are equipped with the Occupancy Network technology stack, achieving centimeter - level precise perception. By getting rid of the dependence on high - precision maps through self - developed L4 + technology, it further enhances the adaptability to complex urban areas and improves vehicle delivery and deployment efficiency.
Jiushi's technological advantages have been translated into large - scale achievements, and its business has continued to grow at a high - speed, with key indicators achieving leap - forward breakthroughs. In terms of market share, its RoboVan vehicle sales account for more than 76% of the market, ranking first. In terms of delivery and operation scale, in September 2025, the cumulative number of delivered and operated unmanned vehicles exceeded 10,000, making it the first enterprise in the industry to actually deliver and operate more than 10,000 vehicles. The total safe driving mileage has exceeded 50 million kilometers, and the cumulative number of delivered orders has exceeded 1 billion. At the same time, through the "AI Driver subscription model" and the layout of cost - effective models, Jiushi Intelligence has helped customers reduce the average operating cost by 66%, and the average monthly operating cost of a single unmanned vehicle can be as low as about 3,000 yuan.
In terms of channel layout, Jiushi Intelligence has developed about 400 dealers and more than 200 service providers across the country, forming a deeply penetrating channel system. Nearly half of the dealers are converted from existing product customers, and many dealers are upgrading to urban operators, significantly enhancing channel stickiness. The urban coverage has also been continuously expanding. The number of cities with regular operations in China has increased from more than 200 to more than 300. It not only focuses on logistics hubs such as Wuhan but also extends to remote areas such as Shannan in Tibet, Daliangshan in Sichuan, and Longnan in Gansu, solving the "last 10 - kilometer" problem in logistics.
In terms of customer development, Jiushi has always adhered to the concept of "Technology for All". From rural areas to urban streets, more and more farmers, express franchisees, and other small and medium - sized enterprise operators have improved their operating efficiency and reduced operating costs through Jiushi's RoboVans. In the fruit transportation in Daliangshan, Sichuan, the loss rate has been reduced from 15% to 3%. In the Hetao Plain of Inner Mongolia, the delivery frequency has been increased by 4 times. Relying on this, Jiushi Intelligence has completed in - depth cooperation with leading enterprises in the ecosystem, occupying an absolute market advantage among core KA customers in express delivery. It has also established benchmark customers in various vertical industries, including Sinopharm Group (medical cold - chain), Giti Tire (industrial logistics), New Hope (fresh food supermarkets), and Muyuan Foods (agricultural supply chain).
In terms of service system construction, Jiushi has cooperated deeply with ecological partners such as Tmall Auto Service, relying on Tmall Auto Service's more than 2,000 maintenance grids across the country to build an after - sales support system.
In the Hetao Plain of Inner Mongolia, Jiushi's unmanned vehicles also penetrate deep into the hinterland of rural and pastoral areas, shuttling between scattered express delivery stations. From delivering once every two days in the traditional model to delivering twice a day with unmanned vehicles, it has brought a 4 - fold increase in transportation efficiency to the local area.
2025 is an important year for Jiushi Intelligence's overseas expansion and globalization. Adopting the strategy of "localized technology + joint standard - setting", it has achieved breakthroughs in multiple regions. It has launched products in more than 10 countries and regions such as Singapore, Malaysia, Japan, South Korea, the UAE, and Austria, and it is expected to deploy more than a thousand vehicles overseas by the end of the year. Among them, in the Singapore market, it has entered a period of rapid development, undertaking daily delivery tasks for FairPrice, the largest chain retailer in Singapore. In the Middle East, it has signed a cooperation agreement with the Roads and Transport Authority (RTA) of Dubai and established a joint - venture company with the UAE National Post 7X. In other markets such as Japan and South Korea, it has completed the deployment of the first local unmanned logistics vehicle and entered the scenario - verification stage.
Jiushi Intelligence won the highest honor in the highly - anticipated "Olympics of Autonomous Driving" - the Dubai World Challenge for Self - Driving Transport, marking an important moment in its globalization strategy.
Jiushi Intelligence officially signed a strategic cooperation agreement with the Roads and Transport Authority (RTA) of Dubai. This cooperation lays the foundation for the launch of the "Dubai Autonomous Zone" and will support large - scale testing and deployment of next - generation unmanned vehicles in real scenarios.
Jiushi Intelligence signed a joint - venture agreement with the UAE Postal Group to jointly build an autonomous driving logistics platform in the Middle East
