Tuesday, 9 January, 2024
China's Self-driving car startup Momenta gets $300M investment from GM
<p>General Motors, the largest US automaker in terms of sales, has said that it will invest $300M in Chinese unicorn Momenta. The startup, which develops self-driving car software, just closed a $500M funding round less than six months ago. It also has investment from global automakers including Mercedes-Benz, Toyota, Bosch, and is close to mass production, aiming to roll out cars with its software by the year-end.</p>
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Read full story at Techcrunch
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