Pony.ai and Toyota announce collaboration on autonomous mobility
Pony.ai and Toyota announced a collaboration on an autonomous driving pilot aimed at accelerating the development and deployment of autonomous vehicles.
Pony.ai is a startup co-located in China and in Silicon Valley. Since late 2018, Pony.ai has been testing its robotaxi pilot service, PonyPilot, starting with Guangzhou, saying it is the first company to launch a robotaxi operation and offer autonomous rides to the general public in China. In June 2019, the company also obtained a robotaxi operation permit in California, demonstrating its ambition and commitment to mobility services at a global scale.
Founded in late 2016, Pony.ai has raised roughly $300 million as of April 2019 from investors including Sequoia Capital China, IDG Capital, Legend Capital, Morningside Venture Capital, ClearVue Partners, Eight Roads (proprietary investment arm of Fidelity Investments).
With an aim to become a mobility company firmly rooted in China, global automotive leader Toyota plans to accelerate its business in China via collaboration with selected Chinese companies.