New updates have been reported about Neolix (NEOLI)
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Neolix, a leader in L4 autonomous delivery solutions, has successfully raised over $600 million in its Series D funding round, marking the largest private fundraising in China’s autonomous driving sector to date. This significant investment, led by UAE-based StoneVenture and supported by notable investors such as Gaocheng Capital and CITIC Capital, underscores strong confidence in Neolix’s technological advancements and commercial momentum. The funds will be directed towards enhancing research and development in algorithms and technology, expanding product offerings for diverse commercial applications, and bolstering global expansion efforts.
Neolix’s CEO, Enyuan Yu, emphasized that this funding will reinforce the company’s leadership in autonomous intra-city logistics, accelerating the deployment of its RoboVans to meet increasing demand both domestically and internationally. Since its inception in 2018, Neolix has delivered over 10,000 RoboVans and achieved a significant market presence in China, holding over 60% market share in the autonomous delivery segment. The company is also pioneering innovations such as map-free autonomous driving and AI-powered dispatch systems, which have collectively logged over 50 million kilometers of real-world driving. With strategic partnerships and expansion into markets like the UAE and South Korea, Neolix is poised to further its influence in the global autonomous logistics landscape, aiming to transform urban logistics with its cutting-edge technology.