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Unmanned delivery vehicle developer NEOLIX bags 600 million yuan in Series C financing

Gabriella From Gasgoo| March 27 , 2024 18:02 BJT

Beijing (Gasgoo)- Chinese developer of unmanned delivery vehicles NEOLIX, recently completed a 600-million-yuan Series C financing round, according to its announcement on March 27. 

Unmanned delivery vehicle developer NEOLIX bags 600 million yuan in Series C financing

Photo credit: NEOLIX

Participating investors of this round include CICC Huirong, Qianhai FoF, CICC Qiyang, E-Town Capital, and Shell Ventures. Following this funding round, NEOLIX will continue to advance the technology R&D and nationwide deployment of its products.

Since receiving its first public road operation license in Yizhuang, Beijing, in 2021, NEOLIX has obtained licenses covering more than 100,000-square-kilometer roads in over 30 cities and regions nationwide. The company has also completed technology and business efficiency verifications with multiple leading logistics and express delivery companies, achieving batch deliveries in over a dozen cities.

From 2018 to the present, NEOLIX has completed five product iterations, with each iteration improving performance by 2-3 times while reducing costs by 30%. 

The fifth-generation NEOLIX unmanned vehicle, the X3, now boasts a 40 km/h autonomous driving capability in urban public road scenarios. It features a central integrated architecture that combines autonomous driving domain controllers, communication domain controllers, and chassis controllers, significantly simplifying the structure and enhancing vehicle reliability. Additionally, it utilizes industry-leading multi-modal BEV space 4D temporal fusion perception technology, equipped with two LiDAR units for 360-degree environment perception, ensuring the safety of autonomous driving.

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