Pony.ai Completes Series D Financing and Achieves US$8.5 Billion Valuation

Pony.ai recently completed the first closing of its Series D financing, with a valuation of $8.5 billion, an increase of about 65% from the previous Series C financing. The financing will be mainly used for team expansion, technology research and development, fleet expansion, and global testing and operations. Peng Jun, the company's co-founder and CEO, said that Pony.ai will continue to promote the global development of autonomous driving technology and thanked investors for their support.