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 first autonomous-driving unicorn.
Why it matters
The company completed a private financing round with source-backed terms.
Evidence notes
- NIO Capital, Pagoda Investment and Tencent joined strategic and government-backed investors in the round.
- Momenta official announcement says the completed financing valued the company north of USD 1 billion.
- The announcement separate more-than-USD 200 million cumulative funding total is not used as the current-round amount.