Betting on China’s driverless future, Toyota, Bosch, Daimler get on board Momenta’s $500M round

by RJ Shara | Mar 19, 2021 | Startups

Across the street from Suzhou North, a high-speed train station in a historical city near Shanghai, a futuristic M-shaped structure easily catches the eye of anybody death by. It houses the head office of the five-year-old Chinese autonomous driving startup, Momenta. Like other significant Chinese cities, Suzhou, which is well-known for its peaceful canals and classical […] Momenta just recently closed another huge round, which nears $500 million and lifts its total financing to more than $700 million.”Some chauffeurs might desire the self-governing driving vehicle to be more aggressive, so we are likewise exploring a system that learns from individual design,” said Jiang Yunfei, an R&D engineer at Momenta who went on the ride. By the end of 2021, multiple customers will start mass-producing mid-to-high-end vehicles equipped with Momenta’s software. …