Autonomous Driving Startup Momenta Raises Another $500M
11/05/21, 7:13 AM
Money raised
$500 million
In the wake of a $300 million investment from General Motors in September, Momenta, an autonomous driving solution provider from China, announced today an additional $500 million added to its Series C round.
Company Info
Additional Info
The startup has assembled a list of heavyweight strategic investors, including China’s state-owned SAIC Motor, GM, Toyota, Mercedes Benz, and Bosch. The startup recently opened its first overseas office in Stuttgart to be closer to its German partners, which may imply the footprint of its technology could extend beyond its home market.What’s driving the rise of robotaxis in China with AutoX, Momenta and WeRide