Pony AI raised $413 million in its US offering, making it the largest IPO in the autonomous driving space on the US stock market this year.
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Pony AI has also entered into a partnership with Luxembourg-based mobility company Emile Weber, with the two working together to promote the development and deployment of autonomous vehicles and technologies.
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Toyota and Nio Capital-backed Pony AI plans to list on Nasdaq under the ticker symbol PONY.
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Pony.ai is expected to make an IPO in the US as soon as September, and has already received investment interest from some institutional investors, according to local media.
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Pony.ai plans to issue up to 98,149,500 ordinary shares and list on the Nasdaq or New York Stock Exchange.
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The R&D center will focus on exploring cutting-edge areas of autonomous driving and introducing customized autonomous driving solutions for the European market and users, Pony.ai said.
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Pony.ai plans to set up a joint venture with South Korea's GemVaxLink in Seoul within the year, which will deploy a fleet of autonomous vehicles in Seoul in the initial phase.
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Pony.ai's autonomous truck formation is led by an autonomous truck that leads the way for multiple L4 autonomous trucks.
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Pony.ai plans to set up a joint venture with Neom in Northwest Saudi Arabia to provide autonomous driving technology solutions for the region.
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Pony.ai will set up a joint venture in Saudi Arabia and establish a manufacturing and R&D center, according to local media.
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