Pony AI Stock Rises Pre-Market On Securing Funding From Sunlight Mobility To Scale Robotaxis

• Under the new agreement, both companies plan to further expand into other cities in China in the coming years. 
• Pony AI noted that an increasing number of third parties are willing to fund fleet deployment and lease its “Virtual Driver” for commercial operations.
• The company said that the collaborative autonomous driving vehicle fleet supply will be integrated into both Pony AI and Sunlight Mobility's platforms, enabling both parties to share economic benefits.

Pony AI Inc. (PONY) stock rose over 3% in premarket trading on Monday after the company announced an expanded partnership with Sunlight Mobility to implement an asset-light model, wherein the latter will fund the latest iteration of Pony’s robotaxi vehicles, with an initial fleet to be deployed in Guangzhou before year-end 2025.

The company said this partnership was building on the initial collaboration established in June 2024 with Sunlight Mobility, a mobility service platform operator covering over 180 cities across China.

The New Expanded Partnership

Under the new agreement, both companies plan to further expand into other cities in China in the coming years. Pony AI noted that an increasing number of third parties are willing to fund fleet deployment and lease its “Virtual Driver” for commercial operations.

Pony AI said that Sunlight Mobility brings deep expertise in digital mobility platform operations, including huge user traffic, product feature development, and fleet supply dispatch. The company added that this helps enhance the user experience and boost operational efficiency.

In particular, the collaborative autonomous driving vehicle fleet supply will be integrated into both Pony AI and Sunlight Mobility's platforms, enabling both parties to share economic benefits, Pony AI said.

How Did Stocktwits Users React?

Pony AI stock was among the top three trending tickers on Stocktwits. Retail sentiment on Pony AI jumped to ‘bullish’ territory from ‘bearish’ territory compared to a day ago, with message volumes at ‘normal’ levels, according to data from Stocktwits.

Shares of Pony AI have declined by over 23% this year.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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