Kunlun Tech likely to invest $50 million in Pony.ai

Kunlun Tech, China has plans to invest $50 million in Pony.ai, autonomous driving technology startup against 3% stake in it. Pony.ai, co-founded by former Baidu executives, claims to be the first to offer fully self-driving car rides to the public in China. It did a soft launch of an autonomous ride-hailing fleet in Guangzhou in February 2018. It was also the first startup to secure an autonomous vehicle testing licence in Beijing.

Elvis Gomes