Source of this article and featured image is TechCrunch. Description and key fact are generated by Codevision AI system.
Pony.ai, a Chinese autonomous vehicle company, aims to triple its robotaxi fleet to 3,000 vehicles by 2026. The company currently operates 961 robotaxis and plans to reach 1,000 units this year. It is expanding beyond China into eight countries through partnerships with local firms and global ride-hailing services. Revenue surged 72% to $25.4 million in Q3, driven by robotaxi services and technology licensing. Despite growth, the company reported a net loss of $61.6 million, with cash reserves declining due to investments in joint ventures.
Key facts
- Pony.ai targets a 3,000-vehicle robotaxi fleet by 2,026, up from 961 units today.
- The company plans to expand its operations to eight countries, including Qatar and Singapore.
- Revenue grew 72% to $25.4 million in Q3, fueled by robotaxi services and licensing deals.
- Pony.ai reported a net loss of $61.6 million, with cash reserves dropping to $587.7 million.
- The firm is investing in a joint venture with Toyota to develop its Gen-7 autonomous vehicle.
TAGS:
#AI innovation #autonomous vehicles #China tech #robotaxi #self-driving cars #startup growth #transportation tech
