Pony.ai Stock: IPO History and Valuation

Autonomous Vehicles
CEO James Peng Founded 2016 HQ Fremont, California, US

Pony.ai is a Chinese autonomous vehicle technology company focused on commercializing autonomous mobility. It develops Robotaxi, Robotruck, and personally owned vehicle systems for deployment in the US and China.

UpMarket does not offer Pony.ai shares. This page covers Pony.ai's history before it went public.

How to Review Pony.ai's Pre-IPO History on UpMarket

Pony.ai became a public company on November 27, 2024 and trades on Nasdaq as PONY. UpMarket does not offer Pony.ai shares. This page covers Pony.ai's valuation and funding history before it went public.

Step 01

Check the listing details

Pony.ai listed on Nasdaq under the ticker PONY on November 27, 2024.

Step 02

Review the valuation history

See how Pony.ai's private-market valuation changed across funding rounds before it went public.

Step 03

Review funding and revenue data

See reported funding rounds and revenue figures on this page, with their sources.

Step 04

Explore private companies

Accredited investors can review UpMarket's current pre-IPO offerings in companies that have not yet gone public.

Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.

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Valuation Growth Over Time

Post-money valuation by round
Previous rounds Most recent
DateRoundPPS (split-adj.)Valuation
Nov 2024 IPO

Pony.ai Revenue and Growth

Annual revenue

Why Investors Are Watching Pony.ai

Growth Signal

Robotaxi revenue jumped 158% YoY in Q2, filings say

Pony.ai reported a 158% year-on-year increase in robotaxi revenues in Q2, reflecting faster monetization of its autonomous ride-hailing business. The company also drew at least 14 major global institutional investors during the quarter, including Baillie Gifford and Nikko Asset Management.

Competitive Moat

ARK made its first China L4 autonomy bet on Pony.ai

ARK Invest disclosed about US$12.9 million invested in Pony.ai in August, marking its first investment in a Chinese company focused solely on Level 4 autonomous driving. The filing supports the view that Pony.ai’s L4-only focus is a differentiated technology and commercialization strategy.

Market Opportunity

Pony.ai expands beyond robotaxi into trucks and licensing

Pony.ai’s third-quarter 2025 revenue reached about US$25 million, up roughly 72% year on year, with robotaxi, robotruck, and licensing all contributing. The company said it had over 960 robotaxis on the road and expected more than 3,000 vehicles by the end of 2026.

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Pony.ai Leadership Team

James Peng
CEO
Tiancheng Lou
CTO
Lawrence Steyn
CFO

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Pony.ai Stock FAQ

Yes. Pony.ai became a public company on November 27, 2024 and trades on Nasdaq under the ticker PONY. UpMarket does not offer Pony.ai shares.

Pony.ai's share price is set on the public market under the ticker PONY. The prices shown on this page are historical private-market prices from before it went public.

No. Pony.ai is now a public company and UpMarket does not offer its shares. Accredited investors interested in companies that have not yet gone public can review UpMarket's current pre-IPO offerings.

Pony.ai is now publicly traded, so its shares can be bought and sold on Nasdaq and their price can change significantly. Review Pony.ai's public filings and consult a financial advisor before investing. UpMarket does not offer Pony.ai shares.

In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.

Pony.ai became a public company on November 27, 2024, so shares held before the listing can generally be sold on the public market once any lock-up period ends. The exact terms depend on how the shares are held, for example directly or through a fund.

UpMarket does not offer Pony.ai shares. The minimum for most pre-IPO offerings on UpMarket is $50,000.

Pony.ai's valuation is now set by its public share price on Nasdaq. The figures on this page show its valuation history before it went public.

Pony.ai develops Robotaxi, Robotruck, and personally owned autonomous driving systems, with $75M in 2024 revenue and Robotaxi revenue up 158% YoY in Q2, signaling commercial momentum. Pony.ai is now a public company, and UpMarket does not offer its shares.

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