Pony.ai FY2024 Revenue Hits Record High After 3-Yrs Growth

• FY total revenue rose to US$75.0 million, up 4.3% from FY2023, largest L4 autonomous mobility company in China by revenue.
• FY robotaxi service revenue was US$7.3 million, driven by service expansion in tier-1 Chinese cities. Co. expects growth to continue, supported by Gen-7 models deployment.
• Non-GAAP R&D expenses rose 14% vs 2023 to support Gen-7 robotaxi R&D.
• Cash and cash equivalents, short-term investments and restricted cash, and long-term debt instruments for wealth management were US$825.1 million as of end-2024. Ample funding to facilitate robotaxi scaling.
• Firmly promotes "robotaxi first, China first, tier-1 cities first" strategy. Join hands with GAC Aion/BAIC BJEV in Q4 for robotaxi R&D, mass production.
• To debut 3 Gen-7 robotaxi models in cooperation with Toyota, GAC, BAIC in 2025.
• PonyWorld, the key tech behind co.'s Virtual Driver capabilities helped improve safety record by 16X; Reduce commercial insurance cost per vehicle to <50% of traditional taxis.
• CEO James Peng: Eager to execute our mass production roadmap, accelerate beyond the inflection point of scaled commercialization, and build a world where autonomous mobility is safer, more efficient, and accessible than ever before.

Learn more: Pony AI Inc. Announces Unaudited Fourth Quarter and Full Year 2024 Financial Results

Media Contact: media@pony.ai