China's Momenta secures new funding, claims $1b valuation
Momenta, a Chinese developer of autonomous driving technology backed by a number of VCs, has announced a fresh funding round of undisclosed size at a valuation of $1 billion.
Backers included NIO Capital, a unit of local electric vehicle maker NIO, and Pagoda Investment. Strategic investors including Tencent Holdings, government funds from Shanghai and Suzhou, China Merchants...
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