Zelos Secures Nearly USD300 Million in Series B Financing with Blue Lake Capital's Backing

Deal News | Apr 22, 2025 | Blue Lake Capital

Zelos Secures Nearly USD300 Million in Series B Financing with Blue Lake Capital's Backing

Zelos, a leading company in urban delivery autonomous driving, has completed its Series B financing round, raising nearly USD300 million, led by Blue Lake Capital and CDH BAIFU. Other contributing investors include Asia Investment Capital and Baidu Ventures. This funding will be utilized for developing next-generation products, enhancing supply chain capabilities, and expanding into global markets. Zelos’ core competitiveness stems from its full-stack R&D and commercialization capabilities, setting industry benchmarks with features like automotive-grade solid-state radar and dual Orin computing platforms. As of 2025, Zelos dominated with a 90% market share in the urban autonomous delivery sector, backed by a pioneering marketing model and strategic international expansion. The company aims to leverage its strong financial backing to sustain its rapid growth trajectory, focusing on new R&D, domestic and international market expansion, and building an industry ecosystem alliance. Blue Lake Capital has been instrumental in Zelos' growth from its initial concept stage to becoming an industry leader.

Sectors

  • Autonomous Vehicles
  • Venture Capital

Geography

  • China – Zelos operates significantly within China, with over 200 cities having its vehicles in operation. The article also emphasizes China's role in the commercialization of autonomous vehicles.
  • Global – Zelos has an expanding presence internationally, including markets in Singapore and the Middle East, reflecting its global market expansion strategy.

Industry

  • Autonomous Vehicles – This article focuses on Zelos, a company leading in the development and commercialization of autonomous urban delivery vehicles.
  • Venture Capital – The article discusses Blue Lake Capital's role as a lead investor in Zelos' Series B funding round, highlighting the involvement of venture capital in high-growth technology sectors.

Financials

  • USD300 Million – Total amount raised in Zelos' Series B financing round.
  • USD100 Million – Amount specifically mentioned as part of the Series B3 financing within the overall Series B round.

Participants

NameRoleTypeDescription
ZelosTarget CompanyCompanyLeading in urban delivery autonomous driving, Zelos specializes in innovative vehicle solutions with a significant market share in China and expanding global reach.
Blue Lake CapitalLead InvestorCompanyA private equity firm deeply invested in the autonomous driving industry, fostering Zelos from its inception to market leadership.
CDH BAIFUCo-Lead InvestorCompanyAn investor participating in Zelos' Series B financing round.
Asia Investment CapitalInvestorCompanyA participant in the Series B funding round for Zelos.
Baidu VenturesInvestorCompanyInvolved in the recent Series B funding for Zelos.