2020-11-09 Company Announcement

Pony.ai completed C round financing of USD 267mn with valuation exceeds USD 5.3bn

Pony.ai announced that it had recently completed its C round financing of USD 267mn which was led by the Teachers’ Innovation Platform, a subsidiary of Ontario Teachers’ Pension Plan of Canada. Existing investors include Fidelity China Special Situations PLC, 5Y Capital (former name Morningside Venture Capital), ClearVue Partners and Eight Roads Ventures etc. have topped up their investments during this round of financing. The cumulative capital raised and the post-money valuation of the Company have exceeded USD 1.0 billion and USD 5.3 billion respectively.

Pony.ai strives to develop the autonomous driving technology and promotes seamless customer experience to the global market. Pony.ai is one of the leading companies providing Robotaxi services in major cities of both China and US. Pony.ai has already accumulated over 3.5 million km of autonomous driving mileages worldwide and is strategically aligned with internationally renowned auto and logistic companies for distinctive autonomous driving solutions.

VMS Group is a preferred shares investor in series B, B+ and B2 of Pony.ai.

Official media news release from the Company (in Chinese):

If you would like to hear the latest updates on the Firm and the Fund, please feel free to contact our Investor Relations team at IR@VMSIG.COM.

Back to News & Insight