Nio Capital co-led the round, which also featured Daimler, and which will be used to enhance and commercialise Momenta's autonomous car technology.
China-based autonomous driving technology developer Momenta has secured $46m in a series B round led by Nio Capital, an investment subsidiary of electric vehicle developer Nio, China Money Network reported today.
Venture capital firm Sequoia Capital China and hedge fund Hillhouse Capital co-led the round, which included carmaker Daimler, VC firms Shunwei Capital and Sinovation Ventures, and early-stage investment fund Unity Ventures.
Founded in September 2016, Momenta is working on digital mapping, artificial intelligence and machine vision technology that would…
