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Pony AI , the Chinese self-governing vehicle startup that’slooking to go public on the Nasdaq stock certificate exchange , now wants to raise around $ 260 million , harmonize to a Modern regulatoryfiling .
That ’s up from its old prey of around $ 224 million . To meet the destination , Pony will sell as many as 20 million American depository contribution . That ’s still down from the much higher prey of $ 425 million , which Pony was aim for in the first place this class before its instrument panel approved a step-down of its minimum valuation from around $ 8 billion to $ 4 billion .
Pony has had its battle with early testing in the United States , includinglosing its permitto trial AVs in 2022 . Meanwhile , it maintains a fleet of 190 “ robotrucks ” in Beijing and Guangzhou , plus 250 robotaxis in Beijing , Guangzhou , Shenzhen , and Shanghai .
This has led some , including former Waymo CEO John Krafcik toquestionwhy Pony is gunning for a U.S. IPO ? There isstill demandfor Chinese AV society on U.S. commutation . But the shift fiscal target area suggests Pony is still crafting the accurate answer to that question .
