Pony.ai's IPO raises funds for a clear purpose

In its prospectus, Pony.ai stated that approximately 40% of the net proceeds from the IPO will be used for large-scale commercialization and market development of autonomous driving travel services and freight services; another approximately 40% will be used for continued research and development and investment in autonomous driving technology; and approximately 20% will be used for potential strategic investments and acquisitions to enhance technological capabilities and build an industrial chain ecosystem.