Momenta
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Chinese driverless firm Momenta valued at $6 billion in funding round
Chinese autonomous driving startup Momenta is reportedly seeking a new funding round at a potential $6 billion valuation. The company specializes in ADAS and autonomous driving software, recently partnering with Mercedes-Benz and BMW to integrate its technology into their electric vehicle models in China. Momenta differentiates itself with a “data-driven” approach and is backed by investors like Tencent and Mercedes-Benz. The company is reportedly considering a Hong Kong IPO amid a competitive market including Nvidia, WeRide and Pony.ai.
