U.S. markets closed
  • S&P 500

    4,432.99
    -40.76 (-0.91%)
     
  • Dow 30

    34,584.88
    -166.44 (-0.48%)
     
  • Nasdaq

    15,043.97
    -137.96 (-0.91%)
     
  • Russell 2000

    2,236.87
    +3.96 (+0.18%)
     
  • Crude Oil

    71.96
    -0.65 (-0.90%)
     
  • Gold

    1,753.90
    -2.80 (-0.16%)
     
  • Silver

    22.36
    -0.43 (-1.90%)
     
  • EUR/USD

    1.1732
    -0.0040 (-0.34%)
     
  • 10-Yr Bond

    1.3700
    +0.0390 (+2.93%)
     
  • GBP/USD

    1.3737
    -0.0059 (-0.43%)
     
  • USD/JPY

    109.8950
    +0.1770 (+0.16%)
     
  • BTC-USD

    47,262.88
    -1,189.72 (-2.46%)
     
  • CMC Crypto 200

    1,193.48
    -32.05 (-2.62%)
     
  • FTSE 100

    6,963.64
    -63.84 (-0.91%)
     
  • Nikkei 225

    30,500.05
    +176.71 (+0.58%)
     

Pony.ai Launches World’s Most Evolved Autonomous Driving Platform With Luminar

  • Oops!
    Something went wrong.
    Please try again later.
·4 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Leading autonomous driving company to introduce next-generation platform with Luminar, starting in five global cities

Today, Pony.ai, a leading autonomous driving technology company, introduced its newly designed sensing platform in collaboration with Luminar Technologies, Inc. (NASDAQ: LAZR), a global leader in automotive lidar hardware and software technology. Pony.ai also announced it has driven more than five million kilometers across an operational coverage area of over 850 km² and has provided more than 220,000 Robotaxi rides.

Pony.ai is set to deploy automotive-grade production autonomous fleets in 2023 globally. The next-generation fleet will seamlessly integrate Luminar’s Iris and feature a multi-sensor 360-degree configuration and a slimmest profile roofline at just 10cm off of the vehicle roof. The goal of the partnership is to increase safe, autonomous driving in complex urban environments with an integrated sensor design that leads advanced development to production scale.

"Partnering with Luminar is a critical enabling milestone for Pony.ai as we build our next-generation system and prepare for large-scale series production," said James Peng, CEO and Founder of Pony.ai. "Luminar is in a league of their own when it comes to lidar and shares our belief that delivering autonomous mobility globally will enable a safe and sustainable future. We’re excited to realize that vision together with them."

The partnership followed Pony.ai’s expansion of its Robotaxi service across five cities in China and the U.S., including Guangzhou, Shanghai, Beijing, Irvine and Fremont, CA. Pony.ai began testing China’s first Robotaxi service, PonyPilot, in late 2018 in Guangzhou, and in 2019 became the first company to roll out a public-facing Robotaxi service in California. It is the only self-driving company with large-scale deployment across five cities internationally and a fleet of over 200 autonomous vehicles.

"Pony.ai’s vision to create a dynamic, vehicle-agnostic autonomous driving system is very impressive, and it has already demonstrated a clear leadership position for Robotaxi development in China and beyond," said Austin Russell, Founder and CEO of Luminar. "We’re leveraging the full extent of the technology and product development work we’ve accomplished over the years, and directly re-applying it to Pony.ai’s platform and fleet. This partnership marks a significant milestone towards the realization of safe autonomous Robotaxi services in the years to come."

"Today, we’re finally seeing the line blur between what we’ve known as beautiful consumer car design and the look of a Robotaxi," said Jason Wojack, Luminar’s SVP of Product Development. "This is a true moment in the evolution of vehicle design and innovation."

About Luminar

Luminar is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering the only lidar and associated software that meets the industry’s stringent performance, safety, and economic requirements. Luminar has rapidly gained over 50 industry partners, including 8 of the top 10 global automakers. Last year, Luminar signed the industry’s first production deal for autonomous consumer vehicles with Volvo Cars, while also recently striking deals with Daimler Truck AG and Intel’s Mobileye. Luminar has also received minority investments from the world’s largest commercial vehicle manufacturer, Daimler Truck AG, and Volvo Cars, a global leader in automotive safety, to accelerate the introduction of autonomous trucks and cars at highway speed. Founded in 2012, Luminar is a nearly 400-person team with offices in Palo Alto, Orlando, Colorado Springs, Detroit, and Munich.

For more information please visit www.luminartech.com.

About Pony.ai

Pony.ai, Inc. ("Pony.ai") is pursuing an ambitious vision for autonomous mobility. We aim to bring safe, sustainable, and accessible mobility to the entire world. We believe that autonomous technology can make our roads exponentially safer for travelers. Founded in late 2016, Pony.ai has been a pioneer in autonomous mobility technologies and services across the U.S. and China, spearheading public-facing Robotaxi pilots in both markets. The company is currently valued at $5.3B and some of its major investors include Toyota, Ontario Teachers' Pension Plan, Sequoia Capital China, and IDG Capital. Pony.ai has formed partnerships with leading OEMs including Toyota, Hyundai, GAC Group, FAW Group, etc.

For more information or media inquiries, please contact media@pony.ai

View source version on businesswire.com: https://www.businesswire.com/news/home/20210510005267/en/

Contacts

Nicole Phelan
press@luminartech.com