Toyota invests $400m in Pony.ai with latest driverless tech bet

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Self-driving vehicle technology provider Pony.ai has secured $400 million (£308.35m) from Toyota, pushing the company’s valuation to more than £2.31bn.

The company is focusing on deepening and expanding its collaboration with Toyota in mobility services. They will further boost their joint efforts in self-driving technology development and mobility service deployment. The latest strengthened partnership between the two companies will allow deeper integration of Pony.ai’s self-driving vehicle system with Toyota’s robust vehicle platforms and technologies. Both the firms are also looking beyond the vehicle itself to explore further possibilities on mobility services.

Pony.ai, which has focused on

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