Saudi Arabia’s future city NEOM has established its own strategic NEOM Investment Fund (NIF), with a focus on acquiring and investing in emerging industries and enterprises worldwide. NIF has already invested in a number of companies, including Pony.ai, China’s most highly valued self-driving company, and invested USD 100 million in its latest D2 financing round. The two parties will establish a joint venture in NEOM, where Pony.ai‘s robotaxi fleet, autonomous driving manufacturing and R&D centers will land. Pony.ai has also recently partnered with the Abu Dhabi Investment Office for smart mobility solutions.
NEOM’s newly established investment fund finances China’s Pony.ai
