23 October 2025, Beijing) Templewater is pleased to announce its participation in Neolix’s recent Series D financing round, raising over US$600 million. This round marks the largest private fundraising in China’s autonomous driving sector to date and is among the biggest private investments in China this year. The round was led by Stone Venture, with Templewater among the key investors, including Gaocheng Capital, CITIC Capital, CDH Capital, Gaorong Capital, SparkEdge Capital and Hengxu Capital.
Neolix, the world’s largest provider of L4 autonomous intra-city logistics (RoboVan) solutions, plans to use the funds to further invest in algorithm and technology R&D, develop new products for diverse commercial scenarios, enhance its service network and user experience, and fuel its global expansion plans.
Founded by Mr. Enyuan Yu, Neolix has rapidly emerged as a global leader in autonomous delivery vehicles since its launch in 2018. The company has delivered over 10,000 L4 RoboVans, more than any other firm worldwide, and achieved a record-breaking 2,000 vehicle deliveries in a single month. Its vehicles are now deployed in over 300 cities in China, with Qingdao hosting more than 1,200 units. Neolix’s popular X3 and X6 models have each surpassed 4,000 deliveries, demonstrating strong market demand.
Technologically, Neolix has introduced major innovations, including its AI model “Neolix-VA” for smooth navigation in complex traffic, a map-free driving system for flexible urban logistics, and a smart dispatch platform that optimizes vehicle, road, and order coordination. These advancements have helped Neolix’s fleet surpass 50 million kilometers in autonomous driving.
Since receiving China’s first autonomous delivery license in 2021, Neolix has grown exponentially, now holding over 60% of the market share in cumulative shipments and serving more than 300,000 clients. It dominates the express delivery sector and is expanding into fresh food, cold chain, and instant delivery services. Internationally, Neolix is scaling up, having secured the UAE’s first RoboVan license in partnership with an Abu Dhabi-based tech company, marking its global expansion beyond China.
Neolix's Founder and CEO, Mr. Enyuan Yu, stated that the Series D fundraising will strengthen Neolix’s technological and market leadership in autonomous intra-city logistics, accelerating large-scale commercial deployment to meet growing domestic and international demand. “We believe autonomous delivery is a key part of future urban logistics. Neolix will continue building a robust fleet, advancing visual algorithms and dispatch engines to deliver safe and efficient autonomous solutions. Our goal is to empower urban logistics with autonomous driving, making RoboVans a new productivity tool and driving digital transformation in the industry.”
Ms. Jing Hong, Founding Partner and CEO of Gaocheng Capital, commented: "As an industry leader, Neolix has been at the forefront of exploring the implementation of L4 autonomous driving technology in the logistics sector and achieving Product-Market Fit. It has experienced rapid growth on the path to commercializing unmanned driving technology, serving numerous leading customers within the industry, while also demonstrating highly competitive development potential in overseas markets. As a patient growth-stage fund, we hold a highly optimistic view of China's world-leading position in integrating hardware and software capabilities. We are committed to continuously supporting and assisting Neolix in creating value for its customers and the broader industry, consolidating its leadership position, and facilitating the global expansion of China's cutting-edge technologies."
Dr. Yufeng Wan, Partner & Head of Energy Transition Investment at Templewater, commented on the investment, "Neolix is pioneering the future of intra-city logistics with its cutting-edge L4 autonomous driving technology, designed to significantly reduce costs and enhance efficiency. Drawing on the leadership team’s deep experience, profound understanding of the logistics industry and strong execution capabilities, Neolix is the first in the world to achieve large-scale deployment and commercial operation of over 10,000 L4 RoboVans, laying a solid foundation to capture substantial growth in both domestic and international markets. At Templewater, we are deeply committed to empowering visionary companies that drive innovation and commercialization. We are proud to partner with Neolix on its journey to expand from its strong foundation in mainland China to Hong Kong, Oman and other global markets, leveraging our extensive networks across the Asia-Pacific and GCC to accelerate the automation of the global logistics industry.”
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 10,000 autonomous vehicles across over 300 cities to date.
Neolix is deeply committed to excellence in innovation and global leadership, with a strong focus on developing technologies that support sustainable energy and smarter urban logistics. By advancing autonomous driving systems, AI-powered dispatch engines, and energy-efficient RoboVans, Neolix is helping reshape the future of transportation.
For more information, please visit https://neolix.net/
About Templewater
Templewater is an Asia-based alternative asset manager founded in 2018. Templewater provides its investors, which include global institutions, family offices and high-net-worth individuals, with two (2) core pan-Asia focused investment strategies: (a) private equity focusing mid-market buyout, and (b) decarbonization and energy transition growth equity investments. Templewater’s mission is to provide financial and human capital, operational expertise, corporate governance framework, and integrity to build leading businesses.
Expanding its impact investing horizon, Templewater has launched the Templewater Decarbonization Fund, a focused investment strategy dedicated to fostering the transition to a low-carbon economy. With a strategic commitment to decarbonization, the fund focuses on companies with innovative technologies and sustainable business models in electrification, energy storage, smart mobility, hydrogen and green data center sectors to foster a more efficient energy transition.
For more information, please visit www.templewater.com
