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Neolithic completes Series E funding of $400M led by Boyu Capital and a state-level fund, with participation from Alibaba's affiliated funds.

PRIVATEOct 21, 2026

Amount Raised

$400 Million

Round Type

Series E

San FranciscoTransportationAutomotive

Investors

Alibaba's affiliated fundsState-level fundBoyu Capital

Description

Neolithic, an autonomous delivery enterprise, announced the completion of its Series E financing of approximately $400 million (2.68 billion RMB) on October 20. The round was jointly led by Boyu Capital and a state-level fund, with participation from institutions including Alibaba's affiliated funds. This brings Neolithic's total accumulated financing to over 10 billion RMB. The funding will support the company's continued expansion in the autonomous delivery vehicle market.

Quick answer

Neolithic raised $400 Million in a Series E round, dated October 20, 2026. Investors: Alibaba's affiliated funds, State-level fund and Boyu Capital. Neolithic is based in San Francisco, California, United States.

How much did Neolithic raise?
Neolithic raised $400 Million in a Series E round on October 20, 2026.
Who invested in Neolithic?
Alibaba's affiliated funds, State-level fund and Boyu Capital are named as investors in this round.
What does Neolithic do?
Neolithic is an autonomous delivery enterprise that has completed Series E financing of nearly 400 million US dollars.
Where is Neolithic based and how big is it?
Neolithic is based in San Francisco, California, United States. Fundz records about 1 employees.

Source: Fundz verified event record.

Who else raised in Transportation and Automotive around the same time

Companies in the same sectors as Neolithic that raised within 45 days of this round, from Fundz verified event records.

  • Lucid Group raised $400M (Debt Financing) on October 9, 2026.
  • ZoomCar raised $75K (Series A) on October 29, 2026.
  • Konwert India Motors raised an undisclosed amount (Pre-Series A) on October 23, 2026.
  • Hertz Global Holdings raised $81M (Funding Round) on October 16, 2026.
  • MAX raised $5M (Series B) on October 15, 2026.
  • Bisedge raised $11M (Debt Financing) on October 15, 2026.

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Company Information

Company

Neolithic

Location

San Francisco, California, United States

About

Neolithic is an autonomous delivery enterprise that has completed Series E financing of nearly 400 million US dollars. The company specializes in autonomous delivery vehicles and has accumulated over 10 billion RMB in total financing. Neolithic is competing in the autonomous driving delivery vehicle market alongside major platforms like Meituan.

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