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New Deal


Announced

Ontario Teachers’ Pension Plan led a $100m Series C+ round in Pony.ai.

Financials

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Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Completed

Cross Border

Private Equity

Private

Single Bidder

Minority

Venture Capital

United States

Auto Technology

self-driving vehicle

Acquisition

Friendly

autonomous driving

Synopsis

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Ontario Teachers’ Pension Plan led a $100m Series C+ round in Pony.ai, an autonomous driving technology startup, with participation from Fidelity, 5Y Capital, ClearVue Partners and Eight Roads. Pony.ai is aiming to build “level 4 autonomous cars,” which are vehicles that can operate without any human oversight under certain conditions in predictable environments such as college campuses, small towns and industrial parks.

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