China is a market leader in terms of electric cars but it’s just one of the emerging trends in the automotive world, autonomous technology is quickly transitioning from science fiction into state of the art science and Pony.ai is raising funds to push it closer to reality.
Companies around the world are developing autonomous technology, from car manufacturers like Tesla, large technology companies like Alphabet and numerous start ups.
One Chinese startup Pony.ai has recently raised $102 million in funding which pushed it past its rival Chinese AI startup Roadstart.ai which raised $128 million after Pony.ai raised $112 million in series A financing.
What is Pony.ai
Pony.ai is a Chinese level 4 autonomous vehicle startup, at present they have a HQ in Beijing, and two offices one in Fremont, California and another in Guangzhou, China which is going to be the new Chinese HQ in the future.
Founded December 2016 by Tiancheng Lou who previously worked on autonomous vehicles at Baidu and James Peng a programmer who worked at Google on its autonomous car program.