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

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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