26-02-2020 04:43 via uk.finance.yahoo.com

Autonomous driving startup Pony.ai raises $462 million in Toyota-led funding

HONG KONG/BEIJING (Reuters) - Autonomous driving firm Pony.ai said on Wednesday it has raised $462 million (425 million pounds) in its latest funding round, led by an investment by Japan's largest automaker Toyota Motor Corp.Toyota invested around $400 million in the round, Pony.ai said in a statement, marking its biggest investment in an autonomous driving company with a Chinese background.The investment by Toyota comes at a time when global car makers, technology firms, start-ups and investors
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