January 29, 2023

On Monday, self sufficient using startup Pony.ai introduced the preliminary remaining of its Sequence D investment spherical, attaining an total valuation of $8.5 billion – about 65% upper than the former spherical.

The corporate has completed a number of milestones within the era and commercialization of self-driving mobility products and services (also known as robotaxis) and good logistics because it closed its Sequence C investment spherical in February final 12 months. The finances raised on this contemporary spherical are for use for staff growth, technological construction, scaling up the robotaxi and robotruck staff, international checking out and operations, mass manufacturing of self-driving era, commercialization and different industry spaces.

Taking a look forward to 2022, Peng Jun, co-founder and CEO of Pony.ai, indicated fast international development of self sufficient using era. “With our staff’s efforts, Pony.ai has reached a lot of milestones in 2021,” stated Peng. “We will be able to additional scale up our staff, open new check operation facilities globally, advertise strategic partnerships on all fronts, in addition to increase our self-driving staff dimension.”

Pony.ai was once established in December 2016 through Peng Jun, the previous leader architect of Baidu‘s self sufficient using division, and Lou Tiancheng, a former lead engineer at Baidu. The 2 folks recently function CEO and CTO of Pony.ai, respectively. The corporate finished a Sequence C spherical of financing totaling $367 million in February 2021.

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Because it was once established, Pony.ai has long past thru a number of rounds of financing. Its buyers are principally well known establishments and OEMs, together with Sequoia Capital, IDG, 5Y Capital, Legend Megastar, Legend Capital, Brunei Funding Company, Ontario Academics’ Pension Plan, Toyota Motor and others.

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