Pony.ai announces successful financing round

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Autonomous taxi and trucking developer Pony.ai says it has completed the first close of its Series D financing, with proceeds from the funding set to be used to augment Pony.ai’s hiring, investment in research and development and global testing of robotaxi and robotrucking operations, and accelerate its move toward mass production and mass commercial deployment.

“I am very proud to announce this first close of our Series D,” said James Peng, co-founder and CEO of Pony.ai. “The success of this financing belongs to the entire Pony.ai team, who have made tremendous strides in achieving and exceeding our 2021 milestones. We are excited about our 2022 objectives and the rapid pace of our development toward autonomous mobility globally. Our technical development and balance sheet strength go hand in hand in allowing us to significantly expand our hiring in 2022, open up a number of new autonomous vehicle global testing and operation sites, progress our strategic partnerships and rapidly grow our fleet. We appreciate the support of our investors in the previous rounds and welcome our new partners to Pony.ai’s global story.”

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Lawrence has been covering engineering subjects – with a focus on motorsport technology – since 2007 and has edited and contributed to a variety of international titles. Currently, he oversees Automotive Powertrain Technology and Professional Motorsport World magazines as editor.

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