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Toyota saddles up for self-driving future with $400M investment into Pony.ai


One of the world’s largest car makers, Toyota, has further demonstrated its intent on supporting self-driving vehicles. The Japanese carmaker is planning to invest $400 million into Pony.ai, a Chiense self-driving car startup that’s based across Silicon Valley in the US and Guangzhou in China, Bloomberg reports. [Read: New algorithm for self-driving vehciles has a bold ‘collision-free guarantee’] With the latest round of funding, Pony.ai is reportedly now valued at around $3 billion. Alongside Toyota, existing investors injected an additional $62 million. Not only did Toyota make the largest cash injection in this round, it also didn’t request any kind…

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