(20 October 2026, Beijing) Templewater is pleased to announce a follow-on investment in Neolix, a global leader in autonomous driving technology, as part of the company’s Series E financing round. The round raised nearly US$400 million and was co-led by Boyu Capital and a China state-backed fund. Other key investors include Templewater, Alibaba Hong Kong AEF NextGen Fund, Vertex Growth backed by Temasek, Stone Venture, CDH VGC, Soft Bank Asia and GAC Capital. The financing marks the largest single fundraising round in China’s autonomous driving sector in 2026. To date, Neolix has raised over RMB 10 billion (approximately US$1.4 billion) in cumulative financing, ranking first among autonomous delivery vehicle companies by total funding raised. The funds raised will primarily support two areas: first, further strengthening its operational network by accelerating the establishment of localized service hubs in key regional markets worldwide and building a more responsive and efficient global customer fulfilment network; and second, increasing investment in the data training loop for its end-to-end autonomous driving foundation model to further improve driving safety and vehicle performance while continuously reducing lifetime operating and maintenance costs.
Neolix specializes in autonomous driving technology and autonomous delivery solutions, providing efficient and reliable delivery services to the logistics industry through driverless vehicles and intelligent fleet networks. Over the past year, the company has made significant progress in commercialization and technological development. To date, Neolix has delivered more than 30,000 vehicles and continues to expand its autonomous vehicle fleet. Starting with logistics applications such as e-commerce and express delivery, the company leverages its intelligent fleet network to provide logistics services to shippers, helping customers reduce costs and improve operational efficiency. On the technology front, Neolix continues to develop a vision-centric, end-to-end autonomous driving foundation model. Through an integrated architecture that coordinates models across the cloud, edge and vehicle, the company has established an efficient data flywheel spanning “operations, data and algorithms”, supporting continuous algorithmic iteration and improvements in operational efficiency as its business scales.
Meanwhile, Neolix continues to deepen its global expansion, advancing the delivery and deployment of autonomous delivery vehicles and related services across the Middle East, Europe, East Asia, Southeast Asia and Australia. These deployments demonstrate the adaptability of its products and operating systems across different markets, as well as its global competitiveness. As a long-term investment partner of Neolix, Templewater has consistently leveraged its extensive network and resources across Asia-Pacific and the Gulf Cooperation Council (GCC) region. We have successfully helped Neolix connect with overseas customers and government agencies, identify international market opportunities, and establish and strengthen local partnerships, actively driving the commercialization of Neolix’s autonomous delivery solutions in key international markets.
Neolix’s Founder, Mr. Enyuan Yu, commented: “Autonomous driving technology is becoming an integral part of everyday logistics, generating tangible net economic value and increasingly serving as a pillar of modern economic activity. Our vision is to build an efficient and reliable autonomous vehicle capacity network, using AI to develop global autonomous logistics infrastructure and make inclusive logistics a reality. We are committed to taking a long-term approach in every city where we operate, delivering high-quality products, dependable services and tangible commercial results to earn the trust of our investment partners and industry customers.”
Dr. Yufeng Wan, Partner & Head of Technology Investment at Templewater, commented: “With its leading L4 autonomous driving technology, Neolix is driving the evolution of urban logistics towards greater efficiency and intelligence. Backed by a management team with deep industry experience, a strong understanding of logistics use cases and outstanding execution capabilities, the company has established a leading position in the large-scale deployment and commercial operation of autonomous delivery vehicles, laying a solid foundation for further expansion in both domestic and international markets. As the global logistics industry continues to accelerate its transition towards automation and intelligence, we believe that companies with proven technologies, scalable deployment capabilities and sustainable business models will have significant opportunities for growth. Templewater is committed to supporting outstanding companies that drive technological innovation and translate it into commercial success. This follow-on investment reflects our continued confidence in Neolix’s technological capabilities, commercialization progress and long-term growth potential. We will continue to leverage our network and resources across Asia-Pacific and the GCC to support the company’s global expansion. We look forward to continuing our partnership with the Neolix team to enable the scaled application of autonomous delivery technology across a broader range of logistics scenarios and contribute to the global transformation of the logistics industry through automation.”
About Neolix
Neolix, based in Beijing, is the world’s largest provider of L4 autonomous intra-city logistics (RoboVan) solutions. Neolix serves as the primary autonomous vehicle supplier for major logistics companies in China, including SF Express and ZTO Express, and has delivered over 30,000 autonomous vehicles across more than 300 cities to date.
Neolix is committed to innovation and global leadership, developing technologies that support smarter urban logistics. By advancing autonomous driving systems, AI-powered dispatch engines and energy-efficient RoboVans, Neolix is helping reshape the future of logistics and transportation.
For more information, please visit https://neolix.net.
About Templewater
Templewateris a leading pan-Asia alternative asset manager founded in 2018. The firm manages capital on behalf of global institutions, sovereign entities, family offices, and ultra-high-net-worth individuals, with a focus on building high-quality businesses that create long-term value for Asia. Templewater operates three core pan-Asia strategies: Mid-Market Buyout Private Equity, Technology Investment, and Real Estate; each designed to capture structural growth opportunities across the region.
Guided by a disciplined, purpose-driven investment philosophy, Templewater provides its portfolio companies with financial and human capital, operational expertise, institutional governance, and a culture anchored in integrity and partnership. The firm’s mission is to transform high-potential companies into industry leaders with durable impact across Asia.
To learn more about Templewater, please visit www.templewater.com and follow Templewater on LinkedIn at www.linkedin.com/company/templewater.
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