Rino.ai (White Rhino) Raises Series C+ Led by Yinshan Capital for Autonomous Delivery

Rino.ai Extends Funding With Series C+ Round

Rino.ai (白犀牛, White Rhino), a Chinese L4 autonomous driving company, has raised a Series C+ round led by Yinshan Capital. The funding date is October 8, 2026. The round amount was not disclosed.

Company Background

Rino.ai was founded in 2019 by former core members of Baidu's autonomous driving team. The company focuses on autonomous driving products and services on urban public roads, beginning with unmanned last-mile delivery.

Its automotive-grade delivery vehicles serve logistics, retail and cold-chain scenarios. According to the company, the vehicles operate in more than 100 Chinese cities and can cut final-delivery costs by 30-50%.

Strategic Backing and Manufacturing

Rino.ai is strategically backed by SF Express. In 2026, the company formed a joint venture with automaker Xinyuan Auto to mass-produce autonomous freight vehicles — a move that shifts the company from fleet deployment toward scaled vehicle manufacturing.

Investor Syndicate

The Series C+ round drew a broad group of investors alongside lead Yinshan Capital:

• Yinshan Capital (lead)
• Hunan Caixin Industrial Fund (湖南财信产业基金)
• Woori Financial Group
• Xiangtan State-Owned Capital (湘潭国资)
• 博正资本
• Shenzhen Major Industry Investment Group (深重投)

The mix of financial institutions, regional state-owned capital and industrial funds reflects continued institutional appetite for autonomous delivery infrastructure in China.

Why It Matters for Acquirers

Rino.ai combines several assets that are difficult to assemble organically:

• Proven L4 deployment at scale: operations across more than 100 Chinese cities
• Unit economics story: a stated 30-50% reduction in final-delivery costs
• Strategic logistics backing: support from SF Express, one of China's largest express delivery operators
• Manufacturing pathway: a joint venture with Xinyuan Auto aimed at mass production of autonomous freight vehicles

For strategic buyers in logistics, autonomous vehicles or smart mobility, Rino.ai represents a vertically integrated play spanning autonomous driving software, vehicle deployment and manufacturing capacity. The Series C+ round extends the company's runway as it pursues mass production.

Round Details

• Company: Rino.ai (白犀牛)
• Stage: Series C+
• Round type: Series C+
• Lead investor: Yinshan Capital
• Funding date: October 8, 2026
• Amount: Not disclosed
• Domain: rino.ai

Use-of-funds details were not disclosed.