AV startup Momenta raises $500M from Toyota, Bosch, SAIC, others

Momenta headquarters sign — (SUN YILEI/REUTERS)

By:

Reuters

March 19, 2021 11:16 AM

BEIJING -- Chinese autonomous driving startup Momenta said Friday it has received $500 million from SAIC Motor, Toyota Motor and auto parts supplier Bosch, as the global auto industry pursues the autonomous future.

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