China’s Neolix Is Said to Near $500 Million in Funding, Eyes IPO

China’s Neolix Is Said to Near $500 Million in Funding, Eyes IPO

Neolix Technologies Co. is close to raising $500 million in fresh funding, people familiar with the matter said, a move that will help the Chinese manufacturer of unmanned delivery vehicles accelerate production and global expansion ahead of a potential initial public offering.

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