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Toyota leads fundraising for Chinese self-driving startup Pony.ai

Valuation doubles to $3bn with $462m round of support

Chinese startup Pony.ai operates a pilot fleet of robotaxis in Guangzhou. (Photo by Shunsuke Tabeta)

HONG KONG -- Chinese self-driving startup Pony.ai has raised $462 million from Toyota Motor and other investors in its latest funding round, the company announced on Wednesday.

The fresh funds, of which $400 million came from Toyota, has almost doubled the startup's valuation to $3 billion from a year ago.

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