• About
  • Advertise
  • Contact
Wednesday, June 29, 2022
No Result
View All Result
NEWSLETTER
iotsandiego
  • Home
  • IoT
  • Smart Cities
  • Data & Analytics
  • Enterprise
  • Development
  • Connected Cars
  • Security
  • AI
  • IIoT
  • Standards
  • Home
  • IoT
  • Smart Cities
  • Data & Analytics
  • Enterprise
  • Development
  • Connected Cars
  • Security
  • AI
  • IIoT
  • Standards
No Result
View All Result
iotsandiego
No Result
View All Result
Home AI

Toyota invests $400m in Pony.ai with latest driverless tech bet

by iotadmin
March 24, 2020
in AI, Connected Vehicles, IoT
0
Toyota invests $400m in Pony.ai with latest driverless tech bet
0
SHARES
76
VIEWS
Share on FacebookShare on Twitter

Self-driving vehicle technology provider Pony.ai has secured $400 million (£308.35m) from Toyota, pushing the company’s valuation to more than £2.31bn.

The company is focusing on deepening and expanding its collaboration with Toyota in mobility services. They will further boost their joint efforts in self-driving technology development and mobility service deployment. The latest strengthened partnership between the two companies will allow deeper integration of Pony.ai’s self-driving vehicle system with Toyota’s robust vehicle platforms and technologies. Both the firms are also looking beyond the vehicle itself to explore further possibilities on mobility services.

Pony.ai, which has focused on safety and reliability for self-driving mobility since its inception in 2016, has been testing its Robotaxi pilot service, called PonyPilot, in China, since 2018. Pony.ai and Toyota will continue to work jointly to deliver on their shared vision of a safe and sustainable mobility future. They will focus on offering meaningful societal benefit by leveraging the technologies, know-how, and services of each company.

This is by no means the only investment Toyota has made in this space. With an aim to move beyond just vehicle manufacturing, in July the company announced investment of £462.5m in Didi Chuxing, a China-based ridesharing company. Stephen Zhu, the SVP of DiDi said: “DiDi is committed to helping our cities achieve new energy and smart transportation goals with partners from home and abroad. We look forward to combining DiDi’s expertise in AI-based large-scale mobility operations and Toyota’s leading connected vehicle technology to build a next-generation intelligent transportation framework for sustainable cities.”

The year before, Toyota made an investment of £385.4m into Uber’s autonomous car initiative in order to help ensure both firms emerge as leaders in the space.

Interested in hearing industry leaders discuss subjects like this? Attend the co-located 5G Expo, IoT Tech Expo, Blockchain Expo, AI & Big Data Expo, and Cyber Security & Cloud Expo World Series with upcoming events in Silicon Valley, London, and Amsterdam.

Related Stories
Download Nulled WordPress Themes
Download Best WordPress Themes Free Download
Download Best WordPress Themes Free Download
Download Nulled WordPress Themes
free download udemy paid course
download micromax firmware
Free Download WordPress Themes
ZG93bmxvYWQgbHluZGEgY291cnNlIGZyZWU=
Tags: Toyota invests $400m in Pony.ai with latest driverless tech bet
iotadmin

iotadmin

Next Post
Opinion: Data isn’t the new oil – with IoT, it will be much bigger

Opinion: Data isn’t the new oil – with IoT, it will be much bigger

Recommended

Report: Public transport ITS market in Europe and North America to reach £3.14bn by 2023

Report: Public transport ITS market in Europe and North America to reach £3.14bn by 2023

2 years ago
IOTAS secures $8.5 million in series A funding to further enterprise ‘IoT as a service’ mission

IOTAS secures $8.5 million in series A funding to further enterprise ‘IoT as a service’ mission

3 years ago

Buy CBD Online

  • CBD Oils
  • CBG
  • Sleep spray
  • CBD gummies
  • buy CBD oil
  • Dab pens
  • CBD Patches
  • CBD pills
  • Pet CBD
  • CBD for pain
  • CBD for sleep
  • CBD Flower
Facebook Twitter Youtube RSS

Newsletter

Subscribe our Newsletter for latest Updates.

Loading

Category

  • AI
  • Analysis
  • Connected Cars
  • Connected Vehicles
  • Data & Analytics
  • Development
  • Enterprise
  • Healthcare
  • IIoT
  • IoT
  • Manufacturing
  • News
  • Oil & Gas
  • Security
  • Smart Cities
  • Smart Homes
  • Standards
  • Uncategorized
  • Wearables

About Us

Get updated with latest IOT related news and information with us.

© 2019-20 iotsandiego.com.

No Result
View All Result
  • Home
  • IoT
  • Smart Cities
  • Data & Analytics
  • Enterprise
  • Development
  • Connected Cars
  • Security
  • AI
  • IIoT
  • Standards

© 2019-20 iotsandiego.com.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In