Pony.ai

APublic (NASDAQ: PONY; HKEX: 2026)Founded 2016🇨🇳Guangzhou, China

CEO

James Peng

Data verified as of Jul 21, 2026

Summary

Pony.ai is a dual-listed autonomous-driving company commercializing Level 4 robotaxi, robotruck, and personally owned vehicle technology. Its mass-produced Gen-7 robotaxis run fully driverless commercial service across Chinese cities and have reached city-wide unit-economics breakeven in both Guangzhou and Shenzhen. Q1 2026 revenue jumped 145% YoY to $34.3M with robotaxi revenue up ~395%, the fleet topped 1,700 units, and the company has now raised its year-end 2026 targets to more than 3,500 robotaxis and >3.5x its 2025 robotaxi revenue.

Main Products

Gen-7 Robotaxi

Active

Pony.ai's mass-production robotaxi platform for fully driverless commercial service, built with multiple OEM partners and designed for large-scale fleet deployment.

Commercial fully driverless Gen-7 service is live across Guangzhou, Shenzhen, Beijing, Hangzhou, and Changsha, having reached city-wide unit-economics breakeven in both Guangzhou and Shenzhen within four months of the Gen-7 launch.

Fleet Size1,700+ robotaxis

Toyota Mass Production1,000 bZ4X for 2026 deployment

Vehicle PartnersToyota, BAIC, GAC

Robotruck

Active

Pony.ai's autonomous freight platform for commercial logistics, including a Gen-4 robotruck designed for thousand-unit scale deployment.

Robotruck services generated revenue in 2025, while the Gen-4 robotruck platform is being prepared for initial fleet deployment in 2026.

2025 Revenue$40.6M

Gen-4 DeploymentMass production & initial fleet late 2026 (~70% lower ADK BOM cost)

PartnersSinotrans, SANY, Dongfeng Liuzhou

POV and Licensing Platform

Active

Pony.ai's personally owned vehicle and licensing business applies its virtual-driver technology to passenger vehicles, autonomous domain controllers, and adjacent robotics markets.

Licensing and applications revenue is scaling alongside robotaxi and robotruck operations.

2025 Revenue$32.8M

Controller Volume5x+ YoY growth

Use CasesPOV, delivery, sanitation, logistics

What's Next

Scale to 3,500+ robotaxis

After raising its year-end 2026 target in the first quarter, Pony.ai now aims to operate more than 3,500 robotaxis across over 20 cities worldwide by the end of 2026 — more than doubling the ~1,700-vehicle fleet it ran early in the year — with overseas markets expected to account for roughly half of those cities.

End of 2026

Deploy Gen-4 Robotruck fleet

Move the fourth-generation Robotruck platform — which cuts autonomous-driving kit (ADK) bill-of-materials cost roughly 70% versus the prior generation — from rollout into mass production and initial fleet deployment by late 2026. Pony.ai is already running fully driverless Robotrucks at Jiangmen Port in Guangdong and has completed 1+N driverless platooning tests in extreme weather, proving the freight stack can scale beyond pilot operations.

Late 2026

Launch fare-charging service in Dubai

Convert Dubai driverless testing — run with the RTA — into a public, fare-charging robotaxi service in the second half of 2026 with a fleet scaling to several hundred vehicles, Pony.ai's first commercial Middle East deployment.

H2 2026

Recent News

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Jun 24

Pony.ai opens Singapore robotaxi service to the public

Pony.ai and local operator ComfortDelGro opened their autonomous mobility service in Singapore's Punggol district to the general public on June 22, letting riders book driverless trips through ComfortDelGro's Zig app after an earlier invite-only pilot. The route links Punggol residential areas with hubs including Punggol Coast Mall, Punggol Coast MRT station and One Punggol. It is Pony.ai's first public-access robotaxi service in Southeast Asia and supports its target of deploying more than 3,500 robotaxis across over 20 cities by the end of 2026.

Jun 19

Pony.ai, Stellantis and Bolt to test robotaxis in Luxembourg

Pony.ai, ride-hailing firm Bolt and automaker Stellantis announced on June 9 a Level 4 autonomous-mobility pilot in Luxembourg to validate the safety, performance and regulatory readiness of Pony.ai's seventh-generation system in real traffic. The test fleet will use vehicles based on the Peugeot e-Traveller built on Stellantis's L4-Ready platform, with Bolt supplying ride-hailing integration and the partners aiming for driverless readiness by the program's end. It marks Pony.ai's deepening push into Europe alongside its operations in China and the Middle East.

May 31

Pony.ai lifts 2026 robotaxi fleet target to 3,500 after record Q1

On May 26 Pony.ai reported Q1 2026 revenue of $34.3M, up 145% year over year, with robotaxi revenue rising 395% as fare-charging income jumped about 456%; the fleet topped 1,700 vehicles during the quarter. Off the back of those numbers, the company raised its 2026 year-end robotaxi fleet target from 3,000 to more than 3,500 vehicles and increased its 2026 robotaxi revenue target from 3x to more than 3.5x its 2025 level, widening its lead among Chinese L4 operators racing to scale fully driverless service.

Operations & Revenue

StatusOperational

Pony.ai runs commercial robotaxi services in China with fully driverless Gen-7 operations in major cities, and has extended public-facing robotaxi service internationally to Croatia, Qatar, Singapore, and South Korea. It is operating driverless trials in Dubai with the RTA ahead of a planned fare-charging launch later in 2026, and is expanding in Europe — on-road testing in Luxembourg (with Emile Weber, plus a June 2026 L4 pilot with Bolt and Stellantis) and round-the-clock trials in Seoul's Gangnam district. As of mid-July 2026 the fleet stood above 1,700 vehicles, with Q2 2026 results due August 18, 2026.

Revenue Streams

Robotaxi Services

Paid autonomous ride-hailing through PonyPilot and partner networks, with 2025 robotaxi services revenue of $16.6 million and rapidly growing fare-charging revenue.

Robotruck Services

Autonomous freight services and fleet operations, including continued collaboration with Sinotrans and new Gen-4 robotruck deployment preparation.

Licensing and Applications

Autonomous driving domain controllers, vehicle integration, and technology applications for delivery, sanitation, logistics, humanoid robotics, and POV use cases.

Key Metrics

Employees

~1,700

Est. Annual Revenue

$90.0M in FY 2025 (up ~20% YoY); Q1 2026 revenue of $34.3M (+145% YoY) with net loss narrowed to $76.8M from $275.0M in 2024; Q2 2026 and interim results due August 18, 2026

Robotaxi Fleet

1,700+

Autonomous Mileage

65M+ km

2025 Revenue

$90.0M

Q1 2026 Revenue

$34.3M (+145% YoY)

2026 Fleet Target

3,500+ robotaxis

Timeline

2026Shenzhen breakeven and multi-city expansion

Pony.ai achieves city-wide unit-economics breakeven in Shenzhen (February 2026) — its second after Guangzhou — and expands Gen-7 service into Hangzhou, Changsha, and central Zagreb, Croatia. The fleet surpasses 1,400 units as the company sets a year-end target of more than 3,000 robotaxis in over 20 cities globally.

2026Q1 results, raised fleet and revenue targets

Pony.ai reports Q1 2026 revenue of $34.3M (+145% YoY) with robotaxi revenue up ~395% and fare-charging revenue up ~456%. The fleet exceeds 1,700 units during the quarter and the company raises its 2026 year-end fleet target from 3,000 to more than 3,500 robotaxis and its 2026 robotaxi revenue target from 3x to >3.5x its 2025 level.

2026Shares added to Shanghai-Hong Kong Stock Connect

Effective June 4, 2026, Pony.ai's Hong Kong-listed Class A ordinary shares are included as eligible securities under the Shanghai-Hong Kong Stock Connect program, giving Chinese Mainland investors direct access to trade the stock and broadening the company's investor base after its November 2025 Hong Kong dual-primary listing.

2026Bolt and Stellantis join Pony.ai for Luxembourg L4 robotaxi pilot

On June 9, 2026 Pony.ai, European ride-hailing platform Bolt, and Stellantis announced an autonomous-mobility testing program in Luxembourg to validate the safety, performance, and regulatory compliance of Pony.ai's seventh-generation robotaxi in European traffic. Stellantis supplies Level 4 autonomous-driving MPVs and vehicle engineering, Bolt brings its ride-hailing platform and fleet operations, and Pony.ai provides the virtual-driver stack — extending Pony.ai's European footprint beyond its existing Luxembourg testing toward future commercialization.

2026Sets August 18 date for Q2 2026 results

On July 17, 2026 Pony.ai announced it will report unaudited second-quarter 2026 and interim (six months ended June 30, 2026) financial results before U.S. market open on August 18, 2026 — the next checkpoint on its raised full-year targets of more than 3,500 robotaxis and over 3.5x its 2025 robotaxi revenue.

2025Hong Kong dual-primary listing

Pony.ai launches its Hong Kong IPO and dual-primary listing plan under stock code 2026, with proceeds earmarked for large-scale commercialization of Level 4 autonomy.

2025Gen-7 fully driverless service launches

Pony.ai begins fully driverless commercial Gen-7 robotaxi operations in Guangzhou, Shenzhen, and Beijing, and reports city-wide unit-economics breakeven in Guangzhou.

2024Lists on Nasdaq

Pony.ai completes its U.S. IPO and begins trading on the Nasdaq Global Select Market under the ticker PONY.

2020Toyota leads major strategic round

Toyota invests $400 million as part of a $462 million funding round, deepening the companies' autonomous-driving development and mobility-services partnership.

2018PonyPilot soft-launches

The company soft-launches PonyPilot, its robotaxi service and ride-hailing app, giving Pony.ai an early public-service foothold in autonomous mobility.

2016Founded in Fremont

Pony.ai is founded in Fremont, California by James Peng and Tiancheng Lou, then expands into a China-US autonomous-driving footprint.

Funding

Cumulative disclosed raise · dated rounds

Round	Date	Amount	Investors
Series A	January 2018	$112M	Morningside Venture Capital, Legend Capital, Sequoia China, IDG Capital and others
Toyota-Led Strategic Round	February 2020	$462M	Toyota Motor Corporation and existing investors
Nasdaq IPO	November 2024	~$260M	Public offering (NASDAQ: PONY)
Hong Kong IPO	November 2025	More than $800M	Public offering (HKEX: 2026)