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New Deal


Announced

Completed

SAIC Motor, Toyota Motor and Bosch led a $500m Series C round in Momenta.

Financials

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Transaction Value£359m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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self-driving technology

Minority

Auto Technology

Single Bidder

China

Completed

Acquisition

Friendly

autonomous driving

Private

Venture Capital

Private Equity

Cross Border

Synopsis

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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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