Neolix raises $400 million
Neolix, which develops driverless delivery vehicles, has raised $400 million. Boyu Capital led the startup’s $400 million Series E funding round.
Other participants in the China-based startup’s round included AEF NextGen Fund, Monolith Management, Granite Asia Capital, Vertex, Stone Venture and Trustar Capital.
Neolix was founded by Yu Enyuan in 2018. The company develops driverless delivery vehicles and produces autonomous vehicles used in logistics and transportation processes. These vehicles can move without a driver, enabling products to be transported between warehouses, distribution centers and delivery points.
The vehicles developed by Neolix aim to reduce the need for human labor in delivery processes and make logistics operations more efficient. Designed to use autonomous driving technologies, the vehicles are built especially for urban delivery and commercial logistics operations. This allows companies to automate delivery processes and expand their operations.
The company said it will use the new funding to accelerate growth in global markets and expand its international operations.
