- General
- February 26, 2020
- 4 minutes read
Toyota Leads $462 Million Round For Pony.ai
Pony.ai co-founder and CEO James Peng. Photo by Stephen McCarthy/RISE via Sportsfile, via CC BY 2.0 license. Self-driving startup Pony.ai…
Pony.ai co-founder and CEO James Peng.
Photo by Stephen McCarthy/RISE via Sportsfile, via CC BY 2.0 license.
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Self-driving startup Pony.ai has announced $462 million in new funding led by Toyota that values it at “just over” $3 billion. Toyota provided $400 million of the investment and has committed to deepening collaboration between itself and Pony.ai. Toyota seems to be keen on betting big on automotive-related startups, with this funding coming just shortly after the Japanese automaker led a $590 million Series C investment in Joby Aviation, an electric air taxi startup.