Momenta Gain Traction in ADAS, AD

Chinese ADAS supplier Momenta carry on picking up speed—and money. After raising USD $500m last March from Toyota; SAIC; Daimler, and Bosch, and then announcing a $300m investment from General Motors in September, they announced a new $500m round of funding from Mercedes-Benz, IDG Capital, and Tencent. Momenta got started in 2016 by a team…
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