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      Neolix completes nearly $400 million financing round led by National AI Industry Investment Fund

      PANews reported on October 21, citing Jiemian News, that autonomous driving technology company Neolix announced the official completion of a new financing round of nearly $400 million. A year ago, Neolix had just completed a Series D round of over $600 million. To date, Neolix's cumulative financing has exceeded RMB 10 billion, ranking first in the unmanned delivery vehicle industry in terms of financing scale.

      People familiar with the matter in the investment circle revealed that Boyu Capital and the National AI Industry Investment Fund are the lead investors in this round of financing for Neolix. Alibaba's AEF NextGen Hong Kong Fund, Monolith Management, Vertex Growth under Temasek, and GAC Capital participated in the investment, while existing shareholders including UAE-based Stone Venture, CITIC Capital, SoftBank Ventures Asia, E-Town Capital, and Gaorong Ventures continued to add to their stakes.

      The National AI Industry Investment Fund was established with funding from the third phase of the National Integrated Circuit Industry Investment Fund (the "Big Fund"). Its previous allocation focus has centered on areas such as AI and computing power chips, high-bandwidth memory (HBM) chips, large model algorithms, embodied intelligent robots, and AI security. It has already invested in leading companies in key AI fields, including Moonshot AI's Kimi, DeepSeek (general large models), MetaX (AI computing power chips), Galaxy General (embodied intelligence), and Chaitin Technology (AI security).


      Source: PANews
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