Pony AI Breaks Even, Aims to Launch Robotaxis in 20 Cities (1)

Pony AI Inc. delivered its first ever profitable quarter, bolstered by a windfall from an early investment rather than its main robotaxi business.

Net income reached $75.5 million in the three months ended December, helping the full-year loss narrow by 72% to $76.8 million, according to a company statement on Thursday. Revenue climbed 20% for the year to $90 million.

“We are making front-loaded investment to drive our commercialization at a quicker pace,” said Chief Financial Officer Leo Wang, according to the statement.

Though the investment gain wasn’t specified, a Pony AI unit is an early investor in Chinese chip ...