Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round

20 Mar, 2021

Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round
Photo by Austin Distel on Unsplash

– Momenta, a Chinese autonomous driving startup, raised $500m funding.
– The round was led by SAIC Motor, Toyota and Bosch.
– Other participants included Mercedes-Benz AG, Xiaomi founder Lei Jun’s Shunwei Capital, Tencent, Cathay Capital and a few undisclosed institutions.
– It’s rare to see Tencent and Alibaba (or their affiliates) co-invest.

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