Chinese robovan operator Zelos Technology is considering a Hong Kong IPO that could raise about $600 million, with discussions ongoing with banks, sources said. Details including size and timing remain undecided. The company, formerly Jiushi Suzhou Intelligent Technology, develops L4 autonomous delivery trucks. Founded in 2021, Zelos operates over 25,000 units across mainland China and has expanded to Southeast Asia and the Middle East, including Singapore and the UAE. Alibaba’s logistics arm Ca

Chinese robovan operator Zelos Technology is considering a Hong Kong IPO that could raise about $600 million, with discussions ongoing with banks, sources said. Details including size and timing remain undecided. The company, formerly Jiushi Suzhou Intelligent Technology, develops L4 autonomous delivery trucks. Founded in 2021, Zelos operates over 25,000 units across mainland China and has expanded to Southeast Asia and the Middle East, including Singapore and the UAE. Alibaba’s logistics arm Cainiao has invested in the firm.