Autonomous driving startup Momenta raises another $500M

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.

The new injection brings the total of the startup’s Series C to over $1 billion. Momenta adapts what it calls a two-legged strategy of supplying advanced driver assistance systems (ADAS) to auto OEMs like GM and Tier 1 suppliers like Bosch, while conducting R&D on truly unmanned vehicles, that is, Level 4 driving.

https://techcrunch.com/2021/11/05/momenta-500-million/