Pony.ai Q1 Revenues Jump 145% as Robotaxi Fleet Tops 1,700 Units
PONY•Pony.ai reported US$34.3 million in Q1 revenue, up 145% year-over-year, with Robotaxi revenues soaring 395.4% and fare-charging revenues up 456.5% on a fleet of over 1,700 vehicles. It raised its 2026 targets to over 3.5 times 2025 Robotaxi revenues and a fleet exceeding 3,500 vehicles.
1. Q1 Financial Performance
Pony.ai generated US$34.3 million in Q1 revenue, a 145% increase year-over-year. Robotaxi revenues surged 395.4%, driven by fare-charging revenues which climbed 456.5%, supported by a fleet surpassing 1,700 vehicles.
2. Upgraded 2026 Outlook
Management raised its 2026 Robotaxi revenue target from 3× to over 3.5× 2025 levels and boosted its year-end fleet size goal from 3,000 to more than 3,500 vehicles, reflecting confidence in scaling operations.
3. Fleet Deployment and User Growth
The company expanded its Robotaxi network into Guangzhou’s core urban areas and initiated commercial service in Croatia, marking its first European deployment. Registered users more than tripled year-over-year, with average weekly paid orders up 119% since January.
4. Gen-7 Technology and Cost Efficiency
Deployment of seventh-generation Robotaxi vehicles is underway, underpinned by a target bill-of-materials cost below RMB230,000 by mid-2027. Ongoing software and hardware optimizations aim to reduce daily operating costs and enhance safety and reliability.
