（Cover image source: Momenta）
The LatePost reported that Momenta, a domestic Robotaxi provider, has completed a total of 500 million US dollars in Series C financing.
Investors include automotive industry giants from China, Japan, and Germany, led by SAIC Group, Toyota, Bosch, Temasek, and Yunfeng Fund. Other investors also include Mercedes-Benz, GGV Capital, Shunwei Capital, Tencent, and Sequoia Capital China.
This round of financing has also made Momenta the Chinese self-driving company with the highest single financing amount since 2021.
Momenta stated that after obtaining the new financing, they will continue to focus on their production data-driven “flywheel” technology roadmap to promote the scale landing of autonomous driving. On the other hand, Momenta will also further expand its overseas business and establish offices in Germany and Japan.
At present, Momenta has two business models: Mpilot, which provides automatic driving mass production solutions to automakers, and Robotaxi, which will start trial operations in the second half of this year. Momenta is also simultaneously promoting B-end and C-end businesses, which lays a foundation for attracting more financing.
🔗Source: LatePost
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.