#pony-ai

#pony-ai

Uber is joining forces with two companies, China's Pony AI and Croatia's Verne, to launch what it claims will be Europe's first commercially available robotaxi service. The vehicles are already being tested in Zagreb, Croatia, where Verne is headquartered, and will soon be available to customers on Uber's ridehail network.

Over the last few days, shares of Pony AI ( NASDAQ: PONY) soared from about $13.25 to a recent high of $20.09. Today alone, it's up 15%, or by $2.64 a share, with volume spiking to 15.76 million, as compared to its daily average volume of eight million. Fueling upside, the company announced it was partnering with Qatar's transportation provider, Mowasalat, to help deploy its autonomous vehicles in the country. All of which will expand Pony AI's footprint in the Middle East.