Pony.ai
小马智行
Pony.ai is an autonomous driving company backed by 5Y Capital and NIO Capital that has positioned itself as a Robotaxi operator and technology provider . The company was among the first to receive permits for driverless robotaxi demonstration operations in Shanghai, where users could book rides through its app .
Its commercial strategy centers on deep partnerships with automakers. It has a longstanding collaboration with Toyota dating to 2019, when it used Lexus RX vehicles for public road pilots in Beijing and Shanghai ; by 2022, the two were jointly showcasing L4 autonomous vehicles at the China International Import Expo , and in April 2025 they co-developed a seventh-generation Robotaxi model . Pony.ai has also built relationships with BAIC, GAC, FAW, SAIC, and SANY Heavy Industry , and formed strategic alliances with sensor maker RoboSense in 2022 and autonomous driving chip firm Horizon Robotics in 2023 . A notable 2025 development was its partnership with Uber to integrate Pony.ai's Robotaxi services into Uber's platform in the second half of that year .
The company went public on Nasdaq in November 2024, billed as the first Robotaxi stock , and subsequently listed on the Hong Kong Stock Exchange in November 2025 .
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