Pony.ai and Dubai’s Roads and Transport Authority held a robotaxi unveiling ceremony in Dubai to formalize their partnership in advancing the deployment of L4 autonomous vehicles. Initial supervised trials are set to begin in late 2025, with fully driverless service planned later in the decade, according to Benzinga. The company has expanded globally by securing permits for robotaxis in the U.S., China, South Korea, and Luxembourg. The company went public on the Nasdaq in November 2024, raising $413 million. It aims to launch service by mid-2025 with 700 vehicles by year-end. Pony.ai also partnered with Uber to expand robotaxi operations in the Middle East. Shares are down over 15% year to date amid regulatory challenges and U.S.-China tensions.
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Pony.ai and Dubai's Roads and Transport Authority held a robo-taxi unveiling ceremony in Dubai to formalize their partnership in advancing L4 autonomous vehicle deployment.
00:12Initial supervised trials are set to begin in late 2025, with a fully driverless service plan later in the decade, according to Benzinga.
00:19Companies expanded globally by securing robo-taxi permits in the U.S., China, South Korea, and Luxembourg.
00:24The company went public on the NASDAQ in November 2024, raising $413 million.
00:30It aims to launch service by mid-2025, with 700 vehicles by year-end.
00:34Pony.ai also partnered with Uber to expand robo-taxi operations in the Middle East.
00:39Shares are not over 15% year-to-date amid regulatory challenges and U.S.-China tensions.
