Pony.ai, a leading global autonomous driving technology company, announced that it has completed its first close of its Series D financing.
The Series D round, which has a significant valuation uplift from the 2020 “C” and “C+” rounds, is a recognition by investors of Pony.ai’s achieved technical milestones and significant progress toward a commercialized robotaxi and robotruck product.
The proceeds from the funding will be used to further augment Pony.ai’s hiring, investment in research and development, global testing of robotaxi and robotrucking on an ever-growing fleet, enter into important strategic partnerships, and accelerate our development toward mass production and mass commercial deployment.
Founded in late 2016, Pony.ai has been a pioneer in extending autonomous mobility technologies and services at a rapidly expanding footprint of sites around the world.
Pony.ai has formed partnerships with leading OEMs including Toyota, FAW Group, GAC Group, etc.
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