Pony AI, a Chinese autonomous driving startup, is aiming to raise around $260 million in its US initial public offering (IPO), up from its previous target of $224 million. The company plans to sell up to 20 million American depository shares to meet its goal.In other mobility news, several startups have raised significant funds, including Ample, which secured $25 million for its EV battery-swapping technology, and ePlane, an Indian startup developing electric vertical takeoff and landing aircraft, which raised $14 million in a Series B round.Meanwhile, there have been developments in the autonomous vehicle sector, with Cruise admitting to submitting a false report to influence a federal investigation into a safety incident, and May Mobility starting to test driverless shuttles in Ann Arbor. Nuro has also begun rolling out a test fleet of its driverless vehicles across the Bay Area and Houston.

In other mobility news, several startups have raised significant funds, including Ample, which secured $25 million for its EV battery-swapping technology, and ePlane, an Indian startup developing electric vertical takeoff and landing aircraft, which raised $14 million in a Series B round.

Meanwhile, there have been developments in the autonomous vehicle sector, with Cruise admitting to submitting a false report to influence a federal investigation into a safety incident, and May Mobility starting to test driverless shuttles in Ann Arbor. Nuro has also begun rolling out a test fleet of its driverless vehicles across the Bay Area and Houston.