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Autonomous driving technology startup Pony.ai announced a $100 million extension to its last funding round today, bringing its total amount raised to more than $1 billion.
The company is now valued at $5.3 billion, up from $3 billion in February 2020.
The Ontario Teachers’ Pension Plan board’s Teachers’ Innovation Platform led the extension to Pony’s Series C round, with participation from Fidelity China Special Situations PLC, 5Y Capital, ClearVue Partners, Eight Roads, and others. Previous investors in the company include the Brunei Investment Agency, the sovereign wealth fund of Brunei, Toyota Motor Corp., Kunlun Wanwei, Sequoia Capital China, IDG Capital, and Legend Capital.