Pony.ai FY2024 Revenue Hits Record High After 3-Yrs Growth
- FY total revenue rose to
US$75.0 million , up 4.3% from FY2023, largest L4 autonomous mobility company inChina by revenue. - FY robotaxi service revenue was
US$7.3 million , driven by service expansion in tier-1 Chinese cities. Co. expects growth to continue, supported by Gen-7 models deployment. - Non-GAAP R&D expenses rose 14% vs 2023 to support Gen-7 robotaxi R&D.
- Cash and cash equivalents, short-term investments and restricted cash, and long-term debt instruments for wealth management were
US$825.1 million as of end-2024. Ample funding to facilitate robotaxi scaling. - Firmly promotes "robotaxi first,
China first, tier-1 cities first" strategy. Join hands with GAC Aion/BAIC BJEV in Q4 for robotaxi R&D, mass production. - To debut 3 Gen-7 robotaxi models in cooperation with
Toyota , GAC, BAIC in 2025. - PonyWorld, the key tech behind co.'s Virtual Driver capabilities helped improve safety record by 16X; Reduce commercial insurance cost per vehicle to <50% of traditional taxis.
- CEO
James Peng : Eager to execute our mass production roadmap, accelerate beyond the inflection point of scaled commercialization, and build a world where autonomous mobility is safer, more efficient, and accessible than ever before.
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Media Contact: media@pony.ai
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SOURCE Pony.ai
