PONY, UBER Stocks Gain Pre-Market On European Robotaxi Launch – Retail Sees UBER As ‘Undervalued Opportunity’

• The operations will initially cover around 90 square kilometers and include Zagreb Airport.
• While users can book and pay for their rides through the Verne app already, the integration with Uber is expected soon.
• On Tuesday, PONY received regulatory approval to launch its autonomous robotaxi service in Singapore.

Pony AI (PONY) and Uber Technologies (UBER) caught investors’ attention on Wednesday after the companies launched Europe’s first commercial robotaxi service in Zagreb, Croatia’s capital, in partnership with Verne.

PONY stock climbed more than 8% in pre-market trading, while UBER shares gained 4%.

Zagreb Operations To Expand Gradually

According to the latest update, users will be able to book and pay for autonomous rides through the Verne app, with Uber integration expected soon. The operations will initially span across key districts in Zagreb, covering around 90 square kilometers, including the city center and Zagreb Airport.

The robotaxis will run daily from 7:00 a.m. to 9:00 p.m. Central European Time, with plans to expand coverage further across the city.

The launch comes just two weeks after the partnership announcement and marks a major step in Pony AI’s global expansion strategy. It also builds on the company’s recent progress in China, where it achieved unit economics breakeven milestones in two tier-one cities.

“In China, our Gen-7 has achieved meaningful commercial scale, including unit economics breakeven in Guangzhou and Shenzhen, demonstrating the readiness of our technology and business model. By leveraging this experience, we are well-positioned to accelerate commercialization internationally,” said James Peng, Founder and CEO of PONY AI.

PONY AI added that it expects to run a total of 3,000 vehicles globally by the end of the year.

PONY’s Singapore Push

On Tuesday, PONY received regulatory approval to launch its autonomous robotaxi service in Singapore. The permit allows it to begin by-invite rides in partnership with ComfortDelGro, its local operator.

The service will initially run along a 12-kilometer route in northeast Punggol. The company expects the route to take about 55 minutes and save commuters roughly 15 minutes compared to existing public transport options.

How Did Retail Traders React?

Retail sentiment on Stocktwits for both PONY and UBER remained in the ‘bearish’ territory over the past 24 hours.

One user wondered whether UBER stock is an “undervalued opportunity.”

Year-to-date, UBER shares have shed around 11% while PONY stock has slumped nearly 40%.

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