The Chinese self-driving car company was founded in 2026 and supported by the car manufacturer Toyota. Currently, the autonomous vehicle company is focused on raising up to $195 million by offering $15 million in American Depositary shares.
It’s true that, recently, more companies in this autonomous car industry have been looking to record an increase in capital to extend their operations to more countries. For the Pony AI Chinese car company, the autonomous car inventory includes over 250 robotaxis and 190 robot trucks that are due to enter the U.S. industry market in October to compete with its competitor, WeRide .
Until now, it seems that two investors, one of them the Chinese car brand BAIC, have been interested in buying some company’s shares worth about $74.9 million. However, it should be mentioned that some investors agreed to buy shares worth about $153.4 million with concurrent private placements.
Pony.ai on LinkedIn The company’s proposed target represents a decrease from the $8.5 billion valuation from the 2022 funding round. But back in September, the board revealed a minimum Pony AI IPO stock valuation of about $4 billion from the initial $8.5 million. The board also lowered the expected proceeds to $200 million from the initial $425 million.
"The same bull or bear thesis investors have about WeRide also applies to Pony AI. A currently small and unprofitable company that is growing fast in what is expected to be an enormous market.", Matt Kennedy, the senior strategist from Renaissance Capital, stated. It’s important to remember that the Pony AI prospects remain promising, offering investors interest in investing in this growing industry.
Even though profitability remains uncertain due to Pony Ai's plan to compete with WeRide, it remains to be seen how things will work out for both autonomous car companies.
Stay tuned for more updates!
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