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Neolix Raises Nearly $400 Million in Series E Funding for Global Expansion

1 reports 1 reporting sources 4 hours agoNew

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Neolix announced it has completed nearly $400 million in Series E funding, co-led by Boyu Capital and an unnamed national-level fund, to support global expansion and further development of its autonomous driving technology. The company plans to expand localized service hubs in major global regions and invest in the data and training loop for its end-to-end model. Neolix said those technology investments aim to improve driving safety and vehicle performance while reducing operating and maintenance costs over the vehicles’ lifecycle.

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Latest development10/20 12:22 (UTC+8)
Neolix raises nearly $400 million in Series E funding to expand globally雷锋网

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10/20
  1. 雷锋网
    Neolix raises nearly $400 million in Series E funding to expand globally

    Neolix announced on October 20 that it completed nearly $400 million in Series E funding, co-led by Boyu Capital and an unnamed national-level fund. The autonomous driving company plans to expand localized service hubs in major global regions and invest in its end-to-end model data and training loop to improve driving safety and vehicle performance while reducing lifecycle operating and maintenance costs.

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