Over 4.2 billion yuan: The leading unmanned freight company secures new financing, led by Middle Eastern investors, and may target a Hong Kong IPO.

According to a report from Che Dongxi on October 23, just now, Neolix, a leading enterprise in China's unmanned delivery field, announced the completion of a Series D financing round exceeding $600 million (approximately RMB 4.272 billion).

This financing scale has also set a new record for financing in China's autonomous driving field.

Neolix Completes Series D Financing Exceeding $600 Million

Reports indicate that this round of financing was led by Stone Venture from the UAE, and co - led by Gaocheng Investment, Xinchen Capital (the private equity investment business under CITIC Capital), CDH VGC, Zhaoxi Capital, Beijing Artificial Intelligence Industry Investment Fund (Beijing AI Fund), and a large - scale Internet company.

Neolix's Unmanned Vehicles in Overseas Markets

As early as October 22, Bloomberg reported that Neolix would receive over $500 million in financing, and now this financing may have been officially finalized.

Based on incomplete statistics from public information, Neolix has cumulatively received more than RMB 6.1 billion in financing.

Just two days ago, Jiushi Intelligence, a company focusing on L4 - level unmanned freight technology, also announced the completion of a Series B4 financing round of $100 million (approximately RMB 712 million), led by Ant Group, with participation from new and old shareholders such as Blue Lake Capital and BV Baidu Ventures.

It can be seen that the unmanned freight logistics industry is becoming a new direction for capital investment.

People familiar with the matter said that the Series D financing completed by Neolix may lay a solid foundation for its upcoming Hong Kong IPO.

01. Unmanned Vehicles Have Achieved Large - Scale Mass Production and Received Multiple Investments from Li Auto

Just one month ago, Neolix witnessed the offline of its 10,000th unmanned vehicle, entering the stage of regular mass production and delivery.

Yu Enyuan, Founder and CEO of Neolix

At that time, Yu Enyuan, the founder and CEO of the company, said that Neolix's monthly production capacity has now climbed to nearly 2,000 units, while the total delivery volume last year was only more than 1,000 units.

In this regard, after achieving economies of scale, Neolix's progress in the capital field is also accelerating.

Looking back at Neolix's previous financing rounds, it is not difficult to see that since its establishment in 2018, Neolix has had a clear financing history and has continuously received the favor of capital.

Historical Financing Information of Neolix's Unmanned Vehicles (Source: Qichacha)

The angel round of investment was in April 2018. Just three months after its establishment, Neolix received strategic investments from Yuanhe Origin, Li Auto (Chehejia), and Yintai Investment, providing crucial financial support for the company's early - stage technology R & D.

In May 2019, Neolix completed a financing round of nearly RMB 100 million in the Series A, led by Yunqi Capital and Yaotu Capital. The funds were used to expand the R & D team and accelerate the batch delivery of unmanned vehicles.

In 2020, Neolix received RMB 200 million in the Series A+ from Yunqi Capital, Li Auto, Yaotu Capital, and Yida Capital. Through continuous capital increases, Li Auto became the second - largest shareholder of Neolix at that time.

In 2021, the Series B of Neolix was co - led by SoftBank Asia and CICC Capital, with follow - on investments from Yunqi Capital and Yaotu Capital.

In March 2024, Neolix announced the completion of a Series C financing round of RMB 600 million. The investors included Yizhuang Guotou, CICC Huirong, Qianhai Mother Fund, CICC Capital, Shell Capital, etc. After the investment, the valuation reached RMB 4 billion.

The most recent Series C+ was in February 2025, with a financing of RMB 1 billion led by CICC Capital.

02. Conclusion: Unmanned Freight Becomes a New Favorite of Capital

Within just two days, Neolix and Jiushi Intelligence successively announced major financing rounds, attracting top - tier capital such as Tencent, Ant Group, the national - level AI fund, and even Middle Eastern sovereign wealth funds. This clearly shows that the unmanned freight logistics industry is moving from the concept exploration stage to the commercialization explosion stage.

It is not difficult to see that with the accelerating financing process of leading enterprises such as Neolix, the commercialization process of the unmanned freight track will undoubtedly speed up comprehensively.

This article is from the WeChat official account “Che Dongxi”, author: Yi Sheng, editor: Zhi Hao. It is published by 36Kr with authorization.