Neolix, a Chinese provider of level-four autonomous delivery robovans, has raised $600m in its series D financing round.

This marks the largest private fundraising in China’s autonomous driving sector to date and is among the biggest private investments in China this year.

The funds will be used to advance Neolix’s proprietary autonomous driving algorithms, accelerate product development across commercial use cases, enhance its service network and user experience, and fuel its global expansion plans.

Founded by Enyuan Yu in 2018, Neolix has rapidly emerged as a specialist in autonomous delivery vehicles. The company has delivered more than 10,000 L4 robovans, said to be more than any other firm worldwide, and achieved a record-breaking 2000 vehicle deliveries in a single month.

Its vehicles are now deployed in 300 cities in China, with Qingdao hosting more than 1200 units. Neolix’s popular X3 and X6 models have each surpassed 4000 deliveries.

Technologically, Neolix has introduced innovations, including its AI model Neolix-VA for smooth navigation in complex traffic, a map-free driving system for flexible urban logistics, and a smart dispatch platform that optimises vehicle, road and order coordination. These advancements have helped Neolix’s fleet surpass 50 million kilometres in autonomous driving.

Since receiving China’s first autonomous delivery licence in 2021, Neolix (neolix.net) has grown exponentially, now holding over 60% of the market share in cumulative shipments and serving more than 300,000 clients. It dominates the express delivery sector and is expanding into fresh food, cold chain and instant delivery services. Internationally, Neolix is scaling up, having secured the UAE’s first robovan licence in partnership with an Abu Dhabi-based tech company, marking its global expansion beyond China.

The round was led by UAE-based Stone Venture, joined by Gaocheng Capital, Citic Capital, CDH, Sparkedge Capital, Beijing AI Fund and one of the largest internet platforms in China. Other key investors include Legend Capital, Gaorong Ventures, Templewater and SAIC.