Pony.ai Reports Record Quarterly Robotaxi Revenue, Raises Revenue Outlook and Fleet Target as Commercialization Gathers Steam
The latest earnings report from leading robotaxi company Pony.ai offers a fresh look at how quickly autonomous ride-hailing is moving toward becoming an everyday mobility option in China and global markets.
According to the earnings report filed with exchanges today, Pony.ai’s robotaxi revenues rose to a record US$8.6 million in the first quarter, marking an all-time high and up 395.4% from the same period last year. The company also said its robotaxi fare-charging revenues surged 456.5% year over year during the quarter, driven by an expanded fleet and broader service coverage, as well as growing consumer adoption of robotaxis as a daily transportation option.
Against that backdrop, Pony.ai raised its commercialization targets for 2026. The company now expects its total robotaxi fleet to grow from over 1,700 vehicles currently to 3,500 by the end of this year, up from the 3,000-unit target it projected two months ago. Pony.ai also expects full-year robotaxi revenues in 2026 to exceed 3.5 times the amount recorded in 2025, up from its earlier projection of 3 times 2025 level.
Other financial and operating metrics also pointed to accelerating robotaxi commercialization. Total revenues in the first quarter rose 145% year over year to US$34.3 million. Registered users in China more than tripled from a year earlier, and average weekly paid orders in May increased by 119% compared with the beginning of the year, reflecting faster user adoption and rising ride frequency.
Robust Operational Growth
Since unveiling its “dual-engine” growth strategy two months ago, Pony.ai has continued expanding its robotaxi operations in both China and overseas markets, underscoring that the company remains on track to extend its footprint to more than 20 cities worldwide by year-end.
In China, Pony.ai expanded its operating footprint in several key markets, including deeper penetration into Guangzhou’s core urban areas. Its service coverage now includes Haizhu District and extends to major high-traffic destinations such as Canton Tower and the Pazhou headquarters cluster.
Overseas, Pony.ai joined forces with Uber and Verne to launch the first commercial robotaxi service in Europe. The company also began driverless trials in Dubai and introduced Gen-7 Robotaxi platform, marking another milestone in its Middle East deployment, where it already begun commercial services in Doha, Qatar in collaboration with local parner Mowasalat (Karwa). As of May 2026, Pony.ai had established a presence in nine countries globally, including public-facing services in four overseas markets: Qatar, Croatia, South Korea, and Singapore.
Alongside this deployment progress, the company also continued improving cost efficiency in robotaxi development. At the Beijing Auto Show in April, Pony.ai announced that the total bill of materials (BOM) cost for its 2027 Gen-7 Robotaxi in China market — including the base vehicle, batteries, and autonomous driving kit etc. — would be reduced to less than RMB 230,000 (about US$33,000). The lower cost is expected to further support large-scale deployment in the years ahead.
Multi-layered Safety Framework
In its earnings report, Pony.ai reiterated that safety remains the foundation to the autonomous driving industry and said it remains committed to strengthening scalable autonomous mobility through advances in World Model technology, fail-operational redundancy, and smart fleet management.
“Safety is the foundation of everything we build at Pony.ai, and it is embedded across our autonomous driving stack, vehicle design and daily operations,” said Dr. Tancheng Lou, Founder and CTO of Pony.ai. “As our fully driverless Robotaxi fleet continues to scale, this multi-layered safety framework will remain critical to our technology leadership and long-term commercialization.”
At the algorithm level, the company said it upgraded its PonyWorld technology to enable AI-powered self-iteration, allowing it to generate, validate, and evaluate complex, safety-critical scenarios more efficiently and at scale.
At the vehicle level, Pony.ai said its robotaxis are engineered with multi-layered redundancy to deliver fail-operational capabilities, allowing the system to remain functional even if certain hardware or software components fail during a trip.
Beyond the technology itself, Pony.ai said safety is embedded in its governance and day-to-day operations. A dedicated safety governance team oversees controls across the full lifecycle, while enhanced operational safeguards and ground support capabilities allow the company to respond to unexpected situations with speed, discipline, and accountability.
Other Business Pillars and Financials
In addition to strong robotaxi growth, Pony.ai also reported continued momentum in its robotruck and intelligent solutions businesses.
Robotruck service revenues in the first quarter rose 31% from a year earlier to US$10.2 million, driven by the scaling of its robotruck operations. Rising shipment volumes of autonomous domain controllers helped lift intelligent solutions revenues to US$15.5 million, up 246.5% year over year. The company said strong demand is coming from low-speed delivery, robosweeper, logistics, and humanoid robotics markets.
At Auto China 2026 in April, Pony.ai also unveiled a driverless light truck built on the same safety architecture and fail-operational redundancy as its Robotaxi platform. The move extends the company’s proven autonomous driving capabilities into the light commercial vehicle segment and adds another potential growth engine.
Loss from operations in the first quarter of 2026 was US$58.3 million, broadly in line with US$56.0 million in the first quarter of 2025. Cash and cash equivalents, short-term investments, restricted cash, and long-term debt instruments for wealth management totaled US$1,435.5 million as of March 31, 2026.
“As we continued to make disciplined investments in Gen-7 deployment, technology optimization and future BOM cost reduction to support our multi-year commercialization plan, we believe our balance sheet and improving operating leverage position us well to pursue our 2026 objectives,” said Dr. Leo Wang, Chief Financial Officer of Pony.ai.
About Pony AI Inc.
Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology, a full-stack autonomous driving technology that seamlessly integrates Pony.ai's proprietary software, hardware, and services, Pony.ai is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, Pony.ai has expanded its presence across China, Europe, East Asia, the Middle East and other regions, ensuring widespread accessibility to its advanced technology.
Contact : media@pony.ai