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Toyota-backed self-driving startup Pony AI raises $260M in U. S. IPO . . . Toyota, a significant investor, holds a 13 4% stake in Pony AI Two key investors, including Chinese automaker BAIC, have committed to purchasing $74 9 million worth of shares during the IPO Additionally, private placements are expected to bring in another $153 4 million
Toyotas Groundbreaking Partnership with Pony. ai: Revolutionizing . . . Toyota and Pony ai have signed an agreement worth approximately $144 million to develop autonomous driving technology The collaboration aims to bring hardware level 4 capabilities to Toyota vehicles, enhancing their autonomous driving capabilities
Pony. ai raises $400 million from Toyota to advance development of . . . Autonomous driving company Pony ai has raised $400 million from Toyota Motor Corporation, which will be used to advance the companies’ joint efforts in autonomous driving technology development and mobility service deployment
Pony. ai and Toyota join forces to produce autonomous vehicles Pony ai currently operates a combined fleet of roughly 200 Toyota and Lexus branded robotaxes in China's Tier 1 cities (Guangzhou, Beijing, Shanghai and Shenzhen) for road testing and robotox operations in public areas