OTPP led a $267m Series C round in Pony.ai at a $5.3bn valuation.

Private equity firm Ontario Teachers’ Pension Plan led a $267m Series C funding round in Pony.ai, an autonomous driving company, at a $5.3bn valuation. The round saw participation from Fidelity China Special Situations, Morningside Venture Capital, Clearvue Partners, and Eight Roads. "Pony.ai is approaching its mission of delivering autonomous mobility everywhere by building technology that allows vehicles to drive safely on public roads. With new investments that support our growth and deepened partnerships with our existing investors, we are quickly advancing toward future mobility and bringing autonomous vehicle technology to the global market," James Peng, Pony.ai CEO.