White Rhino has completed nearly 500 million yuan in B+round financing; Neolithic has completed a C+round financing of 1 billion yuan; Jiushi Intelligence has completed nearly $300 million in Series B financing... Recently, there have been continuous news of financing in the field of unmanned vehicle logistics, and many companies have obtained large amounts of financing and accelerated commercialization. According to interviewed experts and industry insiders, the resonance between policies, technology, and the market has accelerated the transition of unmanned vehicles from "technological experimentation" to "large-scale commercial use". With the support of funds, it helps unmanned vehicle logistics companies to better conduct technology research and market expansion. However, the long tail of technology, lack of regulations, and profit pressure remain key challenges. In the future, as costs decrease and scenarios expand, unmanned vehicles may become an important component of smart city infrastructure. Recently, L4 level autonomous driving company White Rhinoceros announced the completion of its B+round of financing for the intensive logistics of unmanned vehicles. In this round of financing, existing shareholders SF Express and Linear Capital continue to follow suit, with new shareholders such as Jun Capital, 360 Fund, and Huatai Zijin joining. This is also the third time in a year that SF Express has invested in White Rhino after its first capital injection in August 2024. So far, the total amount of Series B financing for White Rhino has accumulated nearly 500 million yuan. White Rhino founder and CEO Zhu Lei introduced that this round of funding will focus on three major areas: research and development of automotive grade unmanned vehicle products, continuous iteration of AI technology, and expansion of commercial scenarios, accelerating White Rhino's large-scale landing in the end of pipe logistics field. This is not an isolated case. Since the beginning of this year, the field of unmanned vehicles has become a hot track for capital markets to bet on, with multiple companies obtaining large amounts of financing and accelerating commercialization. In February, Neolithic completed a C+round financing of 1 billion yuan, which was the largest single financing in the field of logistics unmanned vehicles within the year; In April, Jiushi Intelligence completed a $100 million Series B financing, with a total Series B financing of nearly $300 million, and investors including Meituan and Shenzhen Venture Capital; In May, Carl Power completed an A+round financing of nearly 300 million yuan, with investors including Ordos State Investment and Shenzhen Venture Capital; In August, White Rhino received its second round of financing exceeding 100 million yuan this year; In early September, the main technology company of autonomous truck announced that it had obtained hundreds of millions of yuan in strategic financing, jointly invested by multiple institutions such as Beijing Shunyi High Precision Industry Fund. How can unmanned vehicle logistics attract the keen attention of the capital market? Tian Lihui, a finance professor at Nankai University, stated in an interview with Economic Reference Daily that the influx of capital is not accidental, but the result of policy, technology, and market resonance. The strong support of policies is an important driving force. The State Post Bureau has clearly proposed to accelerate the large-scale application of drones, unmanned vehicles, and intelligent cloud warehouses in the industry. The Ministry of Commerce and eight other departments jointly issued the "Special Action Plan for Accelerating the Development of Smart Supply Chain", which clearly proposes to promote intelligent devices such as unmanned delivery vehicles. Technological progress and cost reduction are particularly crucial. In terms of technology, unmanned vehicles currently mainly adopt the technical solution of "LiDAR+high-precision map", which continuously improves their perception, decision-making, and execution capabilities. At the same time, hardware costs have significantly decreased, and the overall vehicle price has dropped from the early million yuan level to around 20000 yuan for some models with bare car prices. In addition, there is an urgent need for cost reduction and efficiency improvement in the logistics industry. According to industry insiders' estimates, taking a network with an average daily delivery volume of 8000 pieces as an example, the average cost of using unmanned vehicles for post delivery can be reduced by 70%. The daily average shipment volume of bicycles can reach thousands of orders, and the delivery time can be improved by 20% to 30%. In the eyes of industry insiders, the unmanned logistics track is gradually heating up and has even become the forefront of commercial exploration of autonomous driving technology. Various signs also indicate that unmanned vehicles are accelerating from "technical trials" to "large-scale commercial use". The New Strategy Low Speed Autonomous Driving Industry Research Institute predicts that by 2025, the sales volume of various low-speed unmanned driving vehicles in China will exceed 47000 units, with a sales scale of 18.5 billion yuan. By 2030, the sales volume may reach 95000 units, and the sales scale is expected to exceed 41 billion yuan. With the continuous maturity of L4 level autonomous driving technology, unmanned delivery vehicles have passed the efficiency turning point of large-scale application and can meet the timeliness and transportation needs of various logistics scenarios in cities. ”Yu Enyuan, founder and CEO of Neolithic unmanned vehicles, said. It is reported that there are currently over 30000 orders for Neolithic unmanned vehicles in hand, and the monthly delivery volume continues to increase, reaching over 1300 units in August. From the perspective of delivery capability, the total deployment of Neolithic unmanned vehicles has exceeded 7500 units by the end of July, and it is expected to reach the deployment target of 10000 units by the end of September at the current pace. Yu Enyuan stated that investors currently place greater emphasis on the core technology, supply chain capabilities, commercialization scenarios, and policy access of autonomous vehicle companies. The injection of a large amount of capital will help Neolithic unmanned vehicles further enhance their technological strength and market competitiveness in the field of unmanned logistics, accelerating the landing and large-scale development of unmanned logistics. This year, the E6 launched by the company for light cargo has been well received by the market, and the first batch of customers who have ordered E6 have already received the unmanned vehicles delivered by Jiushi. After the release of L5 for overloaded scenarios in August this year, the company also received a large number of customer inquiries. ”According to Pan Yuchang, co-founder of Jiushi Intelligence, as of the end of August 2025, Jiushi Intelligence has delivered over 7000 vehicles. It is expected to achieve a delivery volume of 10000 units by the end of this year. The injection of a large amount of funds helps enterprises to continue to deepen their technological cultivation and establish comprehensive advantages in commercialization, supply chain integration, and global ecological construction. ”Pan Yuchang stated. He revealed that this financing will mainly be used for research and development investment, and will cooperate with universities to establish a joint laboratory for autonomous driving to jointly tackle cutting-edge technologies such as autonomous driving models. In addition, the financing will also be used for the establishment of our own supply chain, and the Zigong factory will officially begin operations in mid September. We believe that 2025 will become the industry's' first year of delivering 10000 units'. This number also indicates that commercialization will enter a replicable and scalable stage. After reaching an annual delivery volume of tens of thousands of units, the hardware cost of unmanned streaming vehicles will be further compressed. Combined with software subscription revenue, the turning point of large-scale profitability will accelerate. ”Pan Yuchang stated. Despite the rapid development momentum, unmanned vehicle logistics still faces significant challenges in achieving large-scale commercial use. Several business leaders admitted that unmanned delivery technology is not yet fully mature, and there are problems such as low positioning accuracy and insufficient obstacle avoidance ability. In complex and ever-changing environments, the perception, decision-making, and execution capabilities of unmanned vehicles also need to be improved. At the same time, the relevant laws, regulations, and industry standards in the unmanned delivery industry are not yet perfect and unified, which requires unmanned delivery companies to invest more effort in adaptability. In addition, the market competition is fierce, and some companies are willing to lower car prices or even sell cars at a loss in order to compete for orders, mostly in the strategic loss stage. How to create differentiated competitive advantages and achieve profitability is an important issue faced by enterprises. Experts believe that the large-scale implementation of unmanned vehicle logistics requires accelerating the filling of key shortcomings such as technological reliability (such as decision-making in rainy and snowy weather), ambiguous regulations (defining accident responsibilities), and data silos. In the future, who can build ecological barriers with lower costs and higher security, and who will dominate the trillion dollar market pattern. More importantly, with the continuous advancement of technology, the continuous improvement of policies, and the gradual maturity of the market, unmanned vehicle logistics will play an increasingly important role in the logistics industry. It will not only effectively reduce logistics costs, but also promote the entire logistics industry to move towards intelligence and efficiency. Hu Qimu, Deputy Director of the Strategic Emerging Industries Research Center at Tsinghua University, stated that the "Artificial Intelligence+" initiative has brought a new round of policy dividends to the development of related industries. With the continuous advancement of technologies such as artificial intelligence and industrial robots, the development of unmanned logistics has ushered in new opportunities, and new scenarios will also accelerate their implementation. Tian Lihui predicts that in the next three years, unmanned logistics will break through from the "last mile" end of delivery and quickly extend to scenarios such as ports and mining areas, forming a "port park end" full chain closed loop. The penetration rate of autonomous driving scenarios in China's urban areas is still less than 1%. In the future, modular cargo containers will be quickly adapted to high-value scenarios such as pharmaceutical cold chain and industrial components, extending to larger markets. ”Pan Yuchang stated. (New Society)