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Autonomous driving startup Pony.ai signs deal with Toyota

By Jing Shuiyu | chinadaily.com.cn | Updated: 2019-08-26 19:27
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[Photo/pony.ai]

Autonomous driving startup Pony.ai signed a partnership agreement with Japanese carmaker Toyota Motor Corp on Monday, in a move to accelerate the development and deployment of autonomous vehicles.

Through the collaboration, the two sides will explore a variety of possibilities to provide safe mobility services for all, Pony.ai said in a press release.

Founded in late 2016, Pony.ai has raised about $300 million as of April 2019 from renowned investors including Sequoia Capital China and IDG Capital.

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