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Pony.ai develops autonomous robotaxi and trucking know-how. | Supply: Pony.ai
Pony.ai agreed to situation a recall on some variations of its autonomous driving software program following a automotive accident that occurred in October 2021. The corporate recalled the now repaired autos as a result of they used software program related to the crash.
Through the October accident, a Pony.ai car hit a road signal on a median throughout a flip in Fremont, California whereas in autonomous mode. Nobody was injured within the incident, but it surely prompted the California Division of Motor Autos (DMV) to droop the corporate’s driverless testing allow.
Whereas there are many crashes reported involving autonomous autos, this one stood out as a result of the car was working in autonomous mode and didn’t contain every other autos.
In response to reporting from Reuters, Pony.ai mentioned that the crash occurred lower than 2.5 seconds after the autonomous driving system shut down. The Nationwide Freeway Visitors Security Administration (NHTSA) instructed the corporate that it believed the software program had a security defect, which result in the requested recall.
Pony.ai complied with the request and up to date the software program within the three autos. In response to the company, that is the primary recall of an autonomous driving system.
Pony.ai obtained its autonomous driving allow from the California DMV six months earlier than it suspended it. On the time, Pony.ai was the eighth firm to obtain the allow, after Apollo, AutoX, Cruise, Nuro, Waymo, WeRide and Zoox.
Earlier this month, Cruise and Waymo obtained Drivered Deployment permits from the California Public Utilities Fee (CPUC). The allow permits the businesses to cost clients fares for his or her providers. The permits require each firms to have a security driver current within the autos always.
This week, Pony.ai introduced that it’s now valued at $8.5 billion {dollars} after the primary shut of the corporate’s Sequence D funding spherical. The corporate ended its final funding spherical at a $5.3 billion valuation.
Pony.ai plans to make use of the funding to additional increase hiring and enter extra strategic partnerships. It additionally plans to put money into analysis and growth, together with international testing of its fleet of robotaxis and robotrucking and transferring nearer to mass manufacturing and business deployment of its fleet.
The corporate didn’t disclose particulars on the quantity raised within the funding spherical to this point, however plans to announce totals when the total spherical closes.
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