"The company, which has about 961 robotaxis in the fleet today, announced the goal during its third-quarter earnings. Pony.ai is targeting a 1,000-robotaxi vehicle fleet by the end of this year. Its goal is to "surpass" 3,000 vehicles by the end of 2026, the company said in its third-quarter earnings report. Pony.ai, which is publicly traded on the Nasdaq Exchange and Stock Exchange of Hong Kong, has spent the year ramping up its commercial operations."
"Shares of Pony.ai popped on the Nasdaq more than 6% following its earnings report. Pony.ai said the rise in revenue was driven by robotaxi services and licensing its technology to other companies. The Guangzhou, China-based company brought in $6.7 million in revenue from robotaxi services, $10.2 million from its self-driving trucks called robotrucks, and $8.6 million in licensing and application fees."
Pony.ai operates about 961 robotaxis and is targeting a 1,000-vehicle fleet by year-end and to surpass 3,000 vehicles by the end of 2026. Commercial robotaxi services run in Beijing, Shanghai, Guangzhou, and Shenzhen, and international expansion targets eight countries, including Qatar and Singapore, through partnerships and ride-hailing alliances with Bolt and Uber. Third-quarter revenue rose 72% year-over-year to $25.4 million, driven by robotaxi services, robotrucks, and licensing, with $6.7 million from robotaxi services, $10.2 million from robotrucks, and $8.6 million from licensing and application fees. Net loss widened to $61.6 million in Q3. Cash and short-term investments stood at $587.7 million as of September 30.
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