Beijing-based Neolix has raised nearly $400 million in a Series E round, bringing its total funding to over $1.4 billion. The company develops Level 4 autonomous delivery vehicles and claims to have delivered between 10,000 and 13,000 units across more than 300 Chinese cities, with monthly deliveries now exceeding 2,000 vehicles. Neolix generated approximately $140 million in revenue in 2025 and has reported monthly profitability since early 2024. The capital will be used for R&D, building out service networks, and international expansion, with the UAE singled out as a priority target.
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