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Private car brokerage company pony.ai said on Tuesday it plans to triple the size of its cabotaxifi by the end of next year due to its growth — and support.
The company, which has about 961 Robotaxis in the fleet today, announced the goal during the third quarter. Pony.ai is conducting a 1,000-Robotaxi study by the end of this year. The goal is “to exceed 3,000 vehicles by the end of 2026, The company said in his third third report.
Pony.ai, which is publicly traded Nasdaq The Nasdaq exchange is the Stock Exchange of Hong KongIt has been a year since he started his business. Today, the company provides business support – meaning the return of Rujiwa – in Beijing, Shangzhou, and Shenzhou, and Shenzhen.
The company also has ambitions up to the Chinese level. Pony.ai is rolling out in eight countries, including Qatar and Singapore, through local companies as well as airlines and Uber.
The edge of Robotaxix’s work has been the ability to increase revenue in line with value. The company reported revenue of $25.4 million in the third quarter, an increase of 72% from the $14.8 million it generated in the same year, the previous period.
Shares of pony.ai are up more than 6% on the nasdaq following the earnings report.
Pony.ai said the increase in revenue was driven by Robotaxi’s services and the licensing of its technology to other companies. The Guangzhou, China-based company brings in $6.7 million in revenue from Robotaxi, $10 million from its transportation system called Robotrucks, and $8.6 million in licensing.
The amount the company paid still skyrocketed. Pony.ai reported $61.6 million in the third quarter, a 46% increase from the same period in 2024.
Pony.ai had $587 million in cash and cash equivalents, as well as short-term funds as of September 30, a decrease of $747.7 million in the second quarter of the year. Pony.ai said that half of the reduction would have been a single investment that included the money included by Toyota to support the production and delivery of its car 7.
