China's Pony.ai hits $5.3b valuation with OTPP-led round
Canada’s Ontario Teachers’ Pension Plan Board (OTTP) has led a $267 million Series C round for Chinese autonomous driving technology supplier Pony.ai at a post-money valuation of $5.3 billion.
Fidelity China Special Situations, ClearVue Partners, Eight Roads, and 5Y Capital, formerly Morningside Venture Capital, also participated, as did state-owned carmaker FAW Group. Pony is trialing a suite...
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