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Alibaba Backs Chinese Robovan Maker in $400 Million Fundraising

Bloomberg Technology Tuesday 20 October 2026, 02:00 UTC By Saritha Rai 1 min read
Key Points

EXCLUSIVE Startups Alibaba Backs Chinese Robovan Maker in $400 Million Fundraising Neolix Technologies Co., a Chinese maker of driverless delivery vehicles, raised $400 million to fuel its global expansion. Boyu Capital led the Series E round, the startup said Tuesday in a statement. New investors including Alibaba Group Holding Ltd.’s AEF NextGen Fund, Monolith Management, Granite Asia Capital and Temasek Holdings Pte-backed Vertex as well as existing shareholders including Stone Venture...

EXCLUSIVE Startups Alibaba Backs Chinese Robovan Maker in $400 Million Fundraising Neolix Technologies Co., a Chinese maker of driverless delivery vehicles, raised $400 million to fuel its global expansion. Boyu Capital led the Series E round, the startup said Tuesday in a statement. New investors including Alibaba Group Holding Ltd.’s AEF NextGen Fund, Monolith Management, Granite Asia Capital and Temasek Holdings Pte-backed Vertex as well as existing shareholders including Stone Venture and Trustar Capital also participated.
Alibaba Backs Chinese Robovan Maker (ORG) Chinese (ORG) Fundraising Neolix Technologies Co. (ORG) Boyu Capital (ORG) Alibaba Group Holding Ltd.’s (ORG) AEF NextGen Fund (ORG) Monolith Management (ORG) Temasek Holdings Pte- (ORG) Vertex (ORG) Stone Venture (ORG) Trustar Capital (ORG)
Originally published by Bloomberg Technology Read original →

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