Pony.ai’s Financing History

In January 2017, Pony.ai raised $15 million in angel round funding, with a valuation of $85 million. Investors included Sequoia Capital and IDG. In January 2018, it raised $112 million in Series A funding, with a valuation of $500 million. Investors included Legend Capital, Morningside Venture Capital, Sequoia Capital, IDG Capital, Hontai Capital, Lenovo Star, PwC Capital, Qichen Capital, DCM Ventures, and Comcast. Ventures, Silicon Valley Future Capital, July 2018, A1 round of US$102 million, valuation of US$1 billion, investors include Kaiming Investment and Fidelity International (Eight Roads Capital), Songhe Capital, China Merchants Capital, Redpoint Ventures (China), Zheng Zhigang and Delong Capital, Morningside Venture Capital, DCM Ventures, Hongtai Capital, April 2019, A2 round of US$50 million, valuation of US$1.7 billion, investors include Kunlun Wanwei, February 2020, B round of US$462 million, valuation of US$3 billion, investors include Toyota, November 2020, C round of US$267 million, valuation of US$5.3 billion, investors include Ontario Teachers' Retirement System of Canada, Fidelity China Special Situations PLC, 5Y Capital (formerly Morningside Capital), Kaiming Investment, and 8Roads Capital. In February 2021, the C1 round was US$100 million with a valuation of US$5.3 billion. Investment institutions included Brunei’s sovereign wealth fund Brunei Investment Authority and CPE. In March 2022, the D round was US$200 million with a valuation of US$8.5 billion. Investment institutions included China-Arab Industrial Fund, Mubadala and China Development Bank.