Pony.ai has launched fully-driverless commercial operations in Shanghai, becoming the only company offering these services in all four tier-one cities in China. Revenues are up 76% year-over-year, with Robotaxi fare-charging revenues increasing by over 300%. The company has produced over 200 Gen-7 Robotaxi vehicles and aims to hit 1,000 by year-end, focusing on positive unit economics and growth.
The Chief Technology Officer of Pony.ai highlighted the company’s achievements in fully-driverless operations and scale, showcasing their leadership in the Robotaxi industry. With mass production underway and extensive real-world testing, they are on track for sustained future growth.
Dr. Leo Wang, the Chief Financial Officer, emphasized the strong financial results in the second quarter, with total revenues growing 76% year-over-year. The company’s focus on building a scalable and recurring monetization model has led to significant growth in Robotaxi fare-charging revenues.
Pony.ai is accelerating commercial deployment by expanding service availability and user coverage. They have seen a surge in registered users, secured testing permits in all four tier-one cities, and started fully-driverless commercial Robotaxi services in Shanghai’s Pudong New Area.
The company is expanding its global presence by entering new markets and deepening its existing footprint through strategic collaborations with local partners. They have secured a strategic collaboration with Dubai’s Roads and Transport Authority and advanced their operations in South Korea and Luxembourg.
In the second quarter of 2025, Pony.ai reported total revenues of $21.5 million, a 75.9% increase from the same period in 2024. Robotaxi services revenues grew by 157.8%, driven by expanding user adoption and an increased fleet of deployed vehicles. The company also made progress in optimizing pricing and operation strategies.
Pony.ai uses non-GAAP financial measures to evaluate its operating results and for financial decision-making. The company believes that these measures help identify underlying trends and enhance understanding of past performance and future prospects. Investors are encouraged to review the financial information in its entirety.
The company’s balance sheet shows cash and cash equivalents, short-term investments, and other assets totaling $747.7 million as of June 30, 2025. In the second quarter, financing activities provided cash of $33.1 million, mainly from employee share sales. Free cash flows were negative, reflecting cash outflows from operating activities and capital expenditures.
Read more at GlobeNewswire: PONY AI Inc. Accelerates Gen-7 Robotaxi Production with