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Autonomous Driving Firm Momenta Reportedly on the Hunt for Funding, Valuation Could Soar Past US$5 Billion
4 day ago /
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Author：小编
Autonomous driving upstart Momenta is in the process of seeking fresh funding, aiming for a valuation that could potentially surpass the US$5 billion mark. At present, the company is working hand - in - hand with financial advisors to assess the level of interest among investors. The initial fundraising goal is set at several hundred million US dollars. However, the exact amount to be raised will hinge on the overall progress of the fundraising campaign. Among its shareholders are well - known entities such as Temasek, Tencent, and Yunfeng Capital.
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