Financing
In January 2018, Pony.ai completed a $112 million Series A round co-led by Morningside Venture Capital and Legend Capital with seed round lead-investor Sequoia China and investor IDG Capital also participating in the round, alongside Hongtai Capital, Legend Star, Puhua Capital, Polaris Capital, DCM Ventures, Comcast Ventures and Silicon Valley Future Capital.[34]
In February 2020, Toyota invested $400 million in the company as part of a funding round of $462 million.[35] Toyota previously announced that it was working with Pony.ai to test self-driving cars on public roads in Beijing and Shanghai.[36]
In 2020, the company had a valuation of $5.3 billion.[37]
The company intended to go public on the New York Stock Exchange via an SPAC route. However, in 2021, the company suspended its plans due to Chinese regulators.[38]
In October 2023, Pony.ai received $100 million from Neom, Saudi Arabia, to develop, manufacture and deploy autonomous vehicles and smart infrastructure in Neom and the MENA region. The agreement includes the establishment of a regional R&D and manufacturing headquarters.[39]
In November 2024, Pony.ai held its initial public offering (IPO) and became a listed company on the Nasdaq raising $260 million. This is one of the largest IPOs in the United States stock market involving autonomous driving sector.[40] Shares opened around 15% above their offer price on their market debut.[41]
In June 2025 Pony.ai was added to the Nasdaq Golden Dragon China Index.[42]
In November 2025, Pony.ai held a secondary listing on the Hong Kong Stock Exchange.[43]
