Toyota Motor-backed autonomous driving startup Pony.ai announced on Monday that it has pocketed $100 million in a Series C+ round of financing. The latest fundraising brings the total corpus raised by Pony.ai in its Series C round to $367 million.
The US-based startup, founded by Chinese professionals, completed the Series C round fundraising through two tranches, the company said in a WeChat post. The latest round roped in two new investors — Brunei’s state-owned sovereign wealth fund Brunei Investment Agency, and state-backed CITIC Group’s PE arm CITIC Private Equity Funds Management (CPE).
