Pony.ai raises USD 267M at about USD 5.3B valuation

Nov 6, 2020 · Funding · Pony.ai · Automotive

Pony.ai raised USD 267 million in the initial phase of a financing round that valued the autonomous-driving company at about USD 5.3 billion.

The company completed a private financing round with source-backed terms.

Pony.ai company media
Company media · Pony.ai
  • Ontario Teachers’ Innovation Platform led the initial $267 million phase.
  • The financing valued Pony.ai at about $5.3 billion and was intended to support technology development and fleet expansion.
  • The reported valuation did not specify a pre-money or post-money basis.

Pony.ai develops autonomous-driving technology for robotaxi, robotruck and vehicle-intelligence applications.