May 27, 2020

Pony.ai – $500 Million

Pony.ai

Freemont, CA ; 2/25/20

Amount Funded: $500 Million

Type:  Not listed

Lead Investor: Toyota Motor Co. 

Participating Investor(s) Sequoia Capital China,  Beijing Kunlun Tech Co.

Total Funding to Date:  Not provided

Company Description: “Since our founding in Fremont, California in late 2016, we have pioneered autonomous mobility deployment to benefit people in both the US and China. We are the first to launch and offer a public-facing Robotaxi service in California and in China,” from the Pony.ai website.

What funding will be used for:

To support Pony.ai’s planned future robotaxi operations and technology development

Quotes: None

Notes:

  1. Pony.ai’s valuation is estimated by some media sources to be $3 billion. 
  2. Some data listed on this page furnished by Reuters. 
  3. Pony.ai currently has partnerships with Toyota, Hyundai, and GAC. 

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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