NewStone reportedly raises nearly $400 million in Series E
An analysis by Industry Observer, published with authorization by TMTPost, says unmanned-delivery vehicle maker NewStone completed a nearly US$400 million Series E round co-led by Boyu Investment and a national AI industry investment fund, with Alibaba and other existing and new shareholders participating. The report also says NewStone’s cumulative financing has exceeded RMB 10 billion, while the unmanned-delivery sector has not yet achieved profitability at scale.
The financing highlights heavy capital participation in unmanned delivery even though the sector has not yet achieved profitability at scale, underscoring the gap between investment and commercial returns.
（本文作者为 产业观察室，钛媒体经授权发布）
文 | 产业观察室
一笔融资与一级市场的冷暖刻度
近期，新石器宣布完成了E轮近4亿美元融资，这轮融资由博裕投资与国家级人工智能产业投资基金联合领投，阿里巴巴等多家新老股东一同入场。
至此，新石器已累计融资破百亿。这个体量在无人配送车行业相当令人瞩目，可以说是2026年一级市场的一个缩影。
一条还没有跑通规模化盈利的赛道，资本已在重金入局了。
#NewStone#Boyu Investment#National AI Industry Investment Fund#Alibaba