# Who are Pony.ai's customers? Who does Pony.ai earn revenue from?
Canonical: https://valuechain.wiki/pony-ai · Facet: customers · Updated: 2026-07-12T08:28:56.762+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Pony.ai's confirmed revenue counterparties include Meituan (autonomous-delivery component customer) plus 2 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 3 revenue edges, backed by 6 dated sources, 2 of them primary filings (as of 2026-07-12).

### 로보택시 운행 (베이징·상하이·광저우·선전) (high)
- note: Commercial robotaxi operations in four cities (fare revenue +200%).
- [confirms] SEC 20-F (EN, filing, published 2026-04-20) https://www.sec.gov/Archives/edgar/data/0001969302/000110465926046406/pony-20251231x20f.htm: "FY2025 revenue RMB 629M ($90M, +20%)"
- [confirms] Value The Markets (EN, news, published 2026-01-01) https://www.valuethemarkets.com/news/pony-ai-q4-2025-revenue-soars-160-in-robotaxi-segment: "Commercial robotaxi operations in four cities (fare revenue +200%)."
- [confirms] Caixin Global (EN, research, published 2025-11-27) https://www.caixinglobal.com/2025-11-27/pony-ai-plans-to-triple-robotaxi-fleet-to-3000-by-2026-as-revenue-jumps-102387124.html: "Commercial robotaxi operations in four cities (fare revenue +200%)."
- [confirms] SEC EDGAR (EN, filing, published 2025-11-25) https://www.sec.gov/Archives/edgar/data/0001969302/000110465925115594/tm2532036d1_ex99-1.htm: "Pony.ai results: robotaxi revenue +90%, fleet 961."

### 토요타·GAC JV·라이선스 (mid)
- note: Gen-7 production and licensing via Toyota and GAC JV.
- [confirms] TechCrunch (EN, news, published 2025-11-25) https://techcrunch.com/2025/11/25/chinas-pony-ai-plans-to-triple-global-robotaxi-fleet-by-the-end-of-2026/: "Gen-7 production and licensing via Toyota and GAC JV."

### 메이퇀 (자율배송 부품 고객) (mid)  → /meituan.md
- note: Supplies Meituan a bespoke autonomous-delivery domain controller (dual NVIDIA DRIVE Orin) — a licensing/hardware revenue stream from the 2023 partnership scaling delivery robots. Revenue value undisclosed.
- [confirms] Gasgoo (EN, news, published 2023-03-23) https://autonews.gasgoo.com/articles/news/ponyai-to-supply-meituan-with-autonomous-delivery-vehicle-specific-domain-controllers-70022525: "Supplies Meituan autonomous-delivery domain controllers (strategic partnership)"

Reverse side: https://valuechain.wiki/pony-ai/suppliers.md · Ripple: https://valuechain.wiki/pony-ai/ripple.md

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