The leading company in unmanned delivery has secured another 700 million yuan in financing, led by Ant Group. Meituan is also a shareholder.

According to a report by CheDongXi on October 21st, Jiushi Intelligence, a company focusing on L4-level autonomous freight technology, recently announced the completion of its Series B4 financing round, raising $100 million (approximately RMB 712 million).

It is reported that this round of financing was led by Ant Group, with participation from both new and existing shareholders such as Blue Lake Capital and BV Baidu Ventures.

As of now, the total amount of Jiushi Intelligence's Series B financing has reached $400 million (approximately RMB 2.848 billion), making it one of the largest financing rounds among Chinese technology companies in 2025 and an important financing event in the global L4-level autonomous driving field.

Public information retrieved from Qichacha shows that Jiushi Intelligence has cumulatively raised $500 million (approximately RMB 3.56 billion) in its Series A and B financing rounds.

Historical financing information of Jiushi Intelligence (Source: Qichacha)

Jiushi Intelligence stated that after the completion of this financing round, it will further increase its R & D investment in autonomous driving technology, with a focus on enhancing product iteration capabilities, the level of self - controllability of the supply chain, the speed of global market expansion, and the construction of the customer service system. The company aims to build a more intelligent, efficient, and green global autonomous freight network.

01. Specializing in L4 Autonomous Freight with Three Vehicle Series

As one of the earliest global teams focusing on autonomous freight technology, Jiushi Intelligence has significant advantages in technological innovation and engineering capabilities.

The company was the first to launch medium and large - sized autonomous trucks that can operate on urban motor vehicle roads, creating a new sub - field of "L4 RoboVan". Its products cover various urban distribution scenarios such as express delivery, retail FMCG, fresh food catering, and industrial logistics. By deploying solutions based on L4 - level "map - free technology", it has achieved full - scale operation for instant delivery.

In May 2023, Jiushi Intelligence released the world's first mass - produced L4 - level medium and large - sized autonomous truck, the Z5 series, marking the first commercial implementation of autonomous freight on urban roads. This series not only combines vehicle sales with FSD subscription services but also promotes the large - scale commercial application of autonomous freight.

Vehicle model matrix of Jiushi Intelligence's autonomous vehicles

By June 2024, the company had completed the matrix layout of four vehicle models, namely Z2, Z5, Z8, and Z10, covering various application scenarios from narrow - road industrial parks to heavy - load long - distance transportation, and adapting to diverse industries such as express delivery, fresh food, and industrial logistics.

In May 2025, Jiushi Intelligence further launched the E - series products targeting the light and bulky cargo scenario, with the first model being the E6. This series has optimized the vehicle body weight and cargo box volume, aiming to reduce user costs and improve loading efficiency, thereby achieving higher operational benefits.

In terms of customer composition, Jiushi Intelligence has established benchmark customers in various vertical industries, including Sinopharm Medical Devices (medical cold chain), Giti Tire (industrial logistics), New Hope (fresh food supermarkets), and Muyuan Foods (agricultural supply chain).

In terms of service system construction, it has established a maintenance and after - sales support system with companies such as Tmall Auto Service.

02. Conclusion: Jiushi Intelligence Accelerates the Implementation of RoboVan

With the completion of this financing round, Jiushi Intelligence has not only consolidated its leading position in the autonomous freight field but also injected new impetus into the global commercialization process of L4 - level technology.

As Jiushi Intelligence continues to improve its product matrix and service system, the company is expected to play a key role in the construction of the global autonomous freight network.

This article is from the WeChat official account "CheDongXi". Author: Yi Sheng, Editor: Zhi Hao. Republished by 36Kr with permission.