SINA Technology reported on the evening of October 23 that Neolix, a provider of Level 4 (L4) autonomous city distribution solutions, announced the completion of over $600 million in its Series D financing round. This round represents the largest private equity financing in China's autonomous driving sector to date, as well as one of the largest private equity raises in China this year.
In a conversation with various media including SINA Technology, Neolix's founder and CEO Yu Enyuan stated, "Unmanned delivery is officially transitioning from past phases of research, testing, and demonstration into a scalable commercial phase globally." He highlighted a key milestone: Neolix has cumulatively delivered over 10,000 L4 autonomous vehicles, becoming the world’s first company to achieve a fleet of over 10,000 L4 vehicles.
"We have validated that L4 autonomous driving can achieve large-scale commercialization in the unmanned delivery sector and the urban commercial vehicle RoboVan sector," Yu Enyuan noted. Currently, Neolix is delivering over 2,000 vehicles each month, and he anticipates that by the end of this year, the delivery rate will increase, aiming to approach 3,000 units per month.
According to Yu Enyuan, as the unmanned vehicle business expands into urban delivery and on-demand delivery sectors, combined with the opening of night logistics traffic rights, the future market potential for the company will further increase, and this day will arrive soon.
Additionally, Neolix's CFO Li Ziyi revealed that the company's revenue this year has reached the 1 billion yuan level, essentially achieving break-even, with expectations of full profitability next year.