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Rino.ai has successfully secured its third funding round in 2025, accumulating over USD 100 million this year, according to the company. The investment included contributions from Ubiquant Partners, QF Capital, Oriza Holdings, and Zhengjing Capital, with Gengxin Capital providing long-term financial advisory services. The precise amount raised has not been publicly disclosed.
The newly acquired capital will primarily support the mass production and market introduction of the company’s autonomous delivery vans, further development of Level 4 autonomous driving technology, and expansion into new application areas such as urban freight, rapid delivery services, and campus transportation. Additionally, a portion of the funds will facilitate efforts to grow the company’s presence internationally.
Earlier this year, the company raised CNY 200 million (approximately USD 28.4 million) through a Series B funding round led by a major Chinese logistics firm in May. Following this, in August, the company completed a Series B+ round, bringing the total funding from both rounds to over CNY 500 million (around USD 71 million).
Founded in 2019, the company now has the capacity to mass produce its Level 4 autonomous delivery vehicles, known as Robovan, and has commenced large-scale deliveries for multiple clients. It has established strategic partnerships with Shenzhen-based SF Express, China Post Group, and JD.com, one of the largest e-commerce companies.
Currently, over 2,000 vans are actively operating across more than 170 cities, with the daily mileage rapidly increasing. As autonomous driving technology advances, Robovan is poised for widespread commercial deployment. Industry forecasts suggest that the global autonomous logistics vehicle market could reach CNY 3.6 trillion (about USD 511.3 billion) by 2030, with China representing roughly 40% of that market, according to a US consultancy.
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