Zelos Completes USD100 Million Series B4 Financing, Its Total Series B Funding Reaching $400 Million

Zelos, the global pioneer of L4 RoboVans, recently announced the completion of its USD100 million Series B4 financing round. This round was led by Ant Group, with participation from new and existing shareholders including Blue Lake Capital and BV Baidu Ventures. To date, Zelos’s Series B financing has reached a cumulative total of USD400 million, making it one of the largest financing deals for a technology company in the Chinese market this year and a landmark financing event in the global L4 autonomous driving sector.

Following this round, Zelos will significantly increase its R&D investment in autonomous driving technology and enhance its core capabilities in product iteration, supply chain autonomy, global market expansion and customer service system upgrades. The company is committed to building a more intelligent, efficient and environment-friendly global unmanned freight network.

As the company with one of the world’s first R&D team for autonomous driving technology, Zelos has leveraged its profound technological expertise to innovatively launch the first-ever medium-to-large unmanned freight vehicle for urban motorways, opening up the new L4 RoboVans category. Currently, the company has established a comprehensive vehicle matrix with E, Z and L series: the Z5 series, first mass-produced in 2023, achieved multiple industry breakthroughs; the Z series was expanded in 2024 with four models to suit diverse delivery scenarios; and in 2025, the company launched the E6 model for lightweight cargo and the heavy hauler L series. The L series has set a new industry record by increasing the load capacity for urban distribution vehicles to over 1.8 tonnes. Furthermore, through ecosystem partnerships, Zelos’s unmanned vehicles have been successfully applied in fields including security patrol, environmental sanitation and retail.

On the technology front, Zelos has established its core barriers with its full-stack in-house R&D. In terms of hardware, it is the first to apply automotive-grade solid-state LiDAR in L4 products, creating a four-dimensional perception system, equipped with dual OrinX chips to ensure stable operation in extreme operating environments. On the software side, the ZOE 2.0 architecture enables a lightning-fast 35ms response time for its end-to-end model, and the Occupancy Network technology stack eliminates dependency on high precision maps. Currently, the company’s market share in RoboVan vehicle sales exceeds 76%. It has delivered over 10,000 operational unmanned vehicles, which have accumulated over 50 million kilometres of safe operational mileage and completed over 1 billion deliveries. Through its innovative model, Zelos has helped customers achieve an average reduction of 66% in operational costs.

Regarding its channel and market layout, Zelos has developed a nationwide network of approximately 400 distributors and over 200 service providers. The number of cities with regular operations in China has expanded to over 300, covering a wide range of areas from logistics hubs to remote regions. The company also collaborates closely with industry-leading clients such as CMDC, Giti Tire and New Hope Group, partnering with Tmall Auto Care to build a comprehensive after-sales support system.

2025 marks a pivotal year for Zelos’s globalization. Adopting the strategy of “technology localization plus co-development of standards”, the company has successfully introduced its products to over 10 countries and regions, including Singapore, Malaysia and Japan, with over 1,000 vehicles to be delivered overseas by the end of the year. In Singapore, Zelos provides delivery services for FairPrice, the country’s largest chain retailer. In the Middle East, it has signed a cooperation agreement with RTA Dubai and established a joint venture with Emirates Post. The company also won the highest honor at the Dubai World Challenge for Self-Driving Transport, demonstrating the global competitiveness of China’s homegrown technology.

Blue Lake Capital was the lead investor in Zelos’s angel round of financing in January 2022 and has continued to increase its investment in subsequent rounds. We believe that in the future, Zelos will join hands with partners across industries to inject new momentum into the development of logistics for all in China and provide a brand-new intelligent freight service experience for global customers.

Source: Zelos