MarketsBloomberg Technology
Alibaba backs Chinese robovan maker Neolix with $400 million funding
Markets
Bloomberg Technology
Neolix Technologies Co., a Chinese maker of driverless delivery vehicles, raised $400 million to fuel its global expansion. The fundraising round was backed by Alibaba. The capital will support Neolix's growth in autonomous logistics.
Why it matters: The investment could accelerate deployment of autonomous delivery vehicles, reshaping logistics and supply‑chain technology.
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