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Toyota is investing $400 million in Pony.ai

Feb 26, 2020

Toyota is investing $400 million in Pony.ai

Business : Toyota is investing $400 million in Pony.ai, a developer of self-driving technology with headquarters in Silicon Valley and Guangzhou, China, at a valuation of just over $3 billion.

The financing comes amid a period of rising startup investment by automakers, who have been putting record sums to work in a bid to stay competitive.

About Pony.ai:

Pony.ai is an autonomous vehicle technology company co-located in Silicon Valley, Beijing and Guangzhou. The company was founded in December 2016 by James Peng and Lou Tiancheng who were formerly developers for Baidu in Silicon Valley.

Toyota is investing $400 million in Pony.ai

Guangzhou Pony.ai Silicon Valley Technology Toyota

Piyush Verma

I am a Blogger and Web Designer.

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Toyota is investing $400 million in Pony.ai

Toyota is investing $400 million in Pony.ai

Piyush Verma

Categories

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