By South China Morning Post | Created at 2024-11-22 02:04:38 | Updated at 2024-11-22 08:20:54
6 hours ago
Uber Technologies plans to invest in Pony AI’s US initial public offering (IPO), which is expected to be priced next week after being upsized by the autonomous driving firm, people familiar with the matter said.
San Francisco-based Uber is seeking to buy more than US$10 million of shares in Pony AI’s IPO, the people said, asking not to be identified discussing confidential information. The company may consider using Pony AI technology in a partnership outside the US, one of the people said.
Uber also invested in last month’s US IPO of China’s WeRide, people with knowledge of the matter said. It has a robotaxi service agreement in Abu Dhabi with the developer of autonomous driving technology.
Deliberations are ongoing and the size of a potential investment in Pony AI has not been finalised, they said. Representatives for Uber and WeRide declined to comment. Pony AI did not respond to a request for comment.
Uber has tied up with several other automated driving tech firms recently, including robotaxi operator Waymo and an undisclosed investment in Wayve Technologies.
