Autonomous driving startup Momenta raises $500 mln from SAIC, Toyota, others

Autonomous driving startup Momenta raises $500 mln from SAIC, Toyota, others

Today·2021-03-19 13:02

BEIJING, March 19 - Chinese autonomous drivingstartup Momenta said on Friday it has received $500 million fromSAIC Motor, Toyota Motor and auto partssupplier Bosch, as the global auto industry pursuesthe autonomous future.

Other investors in the funding round include Daimler AG, Temasek, Yunfeng Capital and Tencent,Momenta said in a statement. It did not disclose the valuation.

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