Pony.ai Receives Driverless Permit from California DMV – Specialist R&D Tax Advisors

Pony.ai Receives Driverless Permit from California DMV

Pony.ai Receives Driverless Permit from California DMV

Posted July 28, 2021

In California Recent News, R&D Tax Credit

Pony.ai is an autonomous vehicle technology company with headquarters in California and China. This startup launched with plans to create a driverless Robotaxi service California. They have made major progress, even initiating testing driverless vehicles on public roads in California ahead of their schedule.

“The technology is moving from experience-level to application,” says James Peng, CEO at Pony.ai. “The first half of the game is to build stable and mature products and accumulate experience. The second half is to move from R&D to mass production and scale, in addition to achieving commercially viable products.”

The company has just received a driverless permit from California DMV – a huge milestone that will allow engineers to perform driverless testing without a human driver behind the wheel on real public roads within California. With this advancement, Pony.AI hopes to accelerate their commercial growth across all their operation sites. Even better, they now intend to officially launch their driverless Robotaxi service to the public in California starting 2022.

Pony.ai currently offers ride-hailing in its autonomous vehicles in five markets: Irvine and Fremont in California; as well as Beijing, Shanghai, and Guangzhou in China. The company plans to install its technology in hundreds of vehicles next year, rising to tens of thousands in 2024-2025.

Are you developing new software for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

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