Toyota-backed self-driving startup Pony.ai raises $267m led by OTPP at $5.3b valuation

Pony.ai, backed by Toyota Motor Corp, said on Friday it has raised $267 million in the initial phase of its fundraising round that values the self-driving startup at $5.3 billion, as it seeks to boost its presence in the United States and China.

The latest funding, which comes just eight months after the company’s $462 million fundraising, makes Pony.ai one of the most valuable independent autonomous driving startups, with higher valuation than rivals Aurora and Nuro, according to data provider Pitchbook.

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