Chinese robotaxi startup Pony.ai on Tuesday reported a 76% year-on-year rise in second-quarter revenue to nearly $21.5 million, although its net loss widened to $53.3 million in the year ended June 30 from $30.9 million a year earlier. The company’s robotaxi services revenue surged 158% to approximately $1.5 million, as demand for its autonomous ride-hailing services continues to grow in China’s four first-tier cities including Shenzhen and Guangzhou. Despite this, robotaxi services only account for 7% of its total revenue. The Guangzhou-based and Nasdaq-listed firm currently derives most of its revenue from sales of autonomous domain controllers and technology licenses to automakers and delivery robot companies, but plans to expand its fleet to 1,000 robotaxis by the end of this year. Investment remains “a top priority” during this critical scaling process, financial chief Leo Wang told investors during an earings call. [TechNode reporting, Pony.ai release]
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