Neolix Raises Nearly $400M in Series E Funding to Expand Autonomous Delivery Vans Globally

Beijing-based autonomous delivery company Neolix announced a Series E funding round of nearly $400M on October 20, 2026, bringing its total capital raised to more than $1.4B. The round follows a Series D of over $600M closed on October 23, 2025, which was the largest private financing recorded in China's autonomous driving sector at the time. Neolix reported around $140M in 2025 revenue and stated that it achieved monthly profitability starting in early 2024. The company claims to operate the world's largest deployment of Level 4 autonomous delivery vehicles, counting between 10,000 and 13,000 units delivered across more than 300 cities in China. Monthly vehicle deliveries recently exceeded 2,000 units, with the fleet logging over 50M kilometers of autonomous driving since the company was founded by CEO Enyuan Yu in 2018. Neolix also claims to hold licenses or active deployments in up to 15 countries. The company develops both the autonomous driving software and physical hardware in-house for models including the X3 and X6. The newly raised Series E capital is designated for algorithm R&D, service network expansion, and international growth, with the UAE identified as a primary target market.