A automotive geared up with Momenta know-how on show at the IAA Mobility present in Munich, Germany in September 2025.
Arjun Kharpal | CNBC
Momenta, a Chinese driverless know-how startup, is raising a recent spherical of funding that would worth the corporate at round $6 billion, two folks aware of the matter advised CNBC.
The valuation might change because the funding progresses, one of many folks, who wished to stay nameless as a result of they weren’t approved to debate the main points publicly, mentioned.
Bloomberg first reported the cope with a valuation above $5 billion.
Momenta declined to remark when contacted by CNBC.
The Beijing-headquartered firm develops software program and algorithms that can be utilized by automakers to provide their automobiles some automated driving options. These firm claims that its Advanced Driver Assistance Systems (ADAS) permits a automotive to hold out some features autonomously corresponding to altering lanes.
This week Momenta and Mercedes-Benz struck a deal to deliver the Chinese firm’s know-how to the German auto large’s all-new electrical CLA in China. The know-how will energy Mercedes-Benz’s driver help system throughout highways, city streets, and parking, the 2 firms mentioned in a joint press launch on Thursday.
Momenta’s know-how will ultimately be geared up on 40 fashions developed by Mercedes-Benz, an individual aware of the matter mentioned.
BMW signed the same deal in June to equip its Neue Klasse electrical automobiles in China with Momenta know-how.
Momenta’s listing of buyers embody Tencent, Temasek, SAIC Motor, Toyota and Mercedes-Benz.
The firm is taking part in a aggressive market that features gamers like Nvidia and Horizon Robotics in China. There are a lot of different gamers within the autonomous driving software program area together with WeRide and Pony.ai.
Signing with international automakers is an enormous win for Momenta which can be gearing up for an preliminary public providing. Reuters reported on Friday that the corporate is contemplating shifting its itemizing to Hong Kong from New York.