SAIC Motor, General Motors, Toyota, Mercedes-Benz, Bosch and Tencent helped the autonomous driving technology provider take its total series C funding to over $1bn.
China-based autonomous driving technology developer Momenta raised $500m yesterday in a series C-plus round featuring automotive manufacturers SAIC Motor, General Motors, Toyota and Mercedes-Benz, industrial technology manufacturer Bosch and internet group Tencent.
Singaporean state-owned investment firm Temasek, Yunfeng Fund, IDG Capital, GGV Jiyuan Capital, Shunwei Capital and Cathay Capital also took part in the capital injection, which includes a $300m investment from General Motors in September this year. The company said its cumulative series C financing has exceeded $1bn.
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