Reuters reveals Toyota’s investment in Chinese autonomous driving startup Pony.ai

Reuters reported exclusively that autonomous driving firm Pony.ai raised around $500 million in its latest funding round, led by an investment by Japan’s largest automaker Toyota Motor Corp. The report was later confirmed by the firm. The latest fundraising values the three-year-old firm, already backed by Sequoia Capital China and Beijing Kunlun Tech Co, at around $3 billion, Reuters sources said.