Uber said to eye US$10 million stake in IPO of China’s Pony AI amid self-driving boom

San Francisco-based Uber is seeking to buy more than US$10 million of shares in Pony AI’s IPO, the people said, asking not to be identified discussing confidential information. The company may consider using Pony AI technology in a partnership outside the US, one of the people said.

Uber also invested in last month’s US IPO of China’s WeRide, people with knowledge of the matter said. It has a robotaxi service agreement in Abu Dhabi with the developer of autonomous driving technology.

Deliberations are ongoing and the size of a potential investment in Pony AI has not been finalised, they said. Representatives for Uber and WeRide declined to comment. Pony AI did not respond to a request for comment.

Uber has tied up with several other automated driving tech firms recently, including robotaxi operator Waymo and an undisclosed investment in Wayve Technologies.