StartupsBloomberg Techabout 3 hours ago
Alibaba Invests $400 Million in Neolix
1 min read
Neolix Technologies Co., a Chinese driverless delivery vehicle maker, raised $400 million in a Series E round led by Boyu Capital. New investors include Alibaba Group Holding Ltd.'s AEF NextGen Fund, Monolith Management, Granite Asia Capital, and Vertex, alongside existing shareholders Stone Venture and Trustar Capital, fueling the startup's global expansion plans.
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