Announced
Completed
Financials
Sources
Tags
self-driving technology
Minority
Auto Technology
Single Bidder
China
Completed
Acquisition
Friendly
autonomous driving
Private
Venture Capital
Private Equity
Cross Border
Synopsis
SAIC Motor, Toyota Motor, and Bosch led a $500m Series C funding round in Momenta, a Chinese autonomous driving startup. Other investors include YF Capital, Tencent Holdings, Temasek Holdings, Shunwei Capital, Mercedes Benz, Daimler, and Cathay Capital. The investment marks an important step toward the firm's international expansion.
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