NEOM Invests $100M in Pony.ai for Autonomous Mobility
NEOM, the smart, sustainable regional development in Saudi Arabia, is pushing the boundaries of autonomous mobility with a $100 million investment in Pony.ai, a global autonomous driving leader.
They’re also forging a groundbreaking joint venture focusing on autonomous technology solutions for the MENA region.
Through this collaboration, NEOM and Pony.ai aim to create, produce, and deploy advanced autonomous vehicles, smart vehicle infrastructure, and autonomous driving services within NEOM and MENA’s key markets.
Majid Mufti, CEO of NATO Innovation Fund (NIF), is thrilled about this investment, aligning with NEOM’s mission to achieve autonomous transportation solutions for the region.
The joint venture is set to be a game-changer for the industry, as NEOM becomes a hotbed for state-of-the-art autonomous vehicle manufacturing and R&D.
Dr. James Peng, co-founder and CEO at Pony.ai, is excited about this partnership, advancing the global AV industry into a new stage.
NEOM’s unique environment, free from existing infrastructure, is the perfect playground for cutting-edge autonomous mobility solutions.
This move is a giant leap toward NEOM’s vision of creating a smart, zero-emission, autonomous multi-modal transport system that redefines the future of commuting and traveling.
#AutonomousVehicles #SmartMobility #SustainableTransport
