Momenta closes strategic financing at more than USD 1B valuation
Momenta completed a strategic financing round at a valuation north of USD 1 billion, becoming China’s first autonomous-driving unicorn.
Why it matters
The company completed a private financing round with source-backed terms.
Evidence notes
- NIO Capital and Pagoda Investment increased their investments, while Tencent, government funds, China Merchants Group and CCB International participated.
- Momenta said the completed financing valued the company north of $1 billion.
- The company’s more-than-$200 million figure covered cumulative investment since inception rather than this round alone.