NEWS COMMENTARY

SAIC Motor, Toyota, and Bosch lead $500 million round for automated vehicle developer Momenta

Published:
March 26, 2021
Coverage:
Digital Transformation More...
Activities:
Investment
by Lewie Roberts
Very important

This new round brings Momenta's total funding to roughly $700 million, and the company plans to use this influx to expand its international presence. In the coming months, Momenta will open a European office in Stuttgart, placing it in close proximity to Daimler (another of Momenta's strategic investors). While the company is working toward Level 4 autonomy in the future, it focuses on developing ADAS features – like highway automation and valet parking – for its customers in the near term. This puts it in competition with other companies like Mobileye, which is deploying its own set of automated features with Geely later this year.

For the original news article, click here .


Further Reading

Pony.ai, Nuro, and Inceptio raise close to $1 billion combined in big week for autonomous vehicle funding

News Commentary | November 09, 2020

This year is proving to be another big funding year for autonomous vehicles, which topped the leaderboard on our Foresight 2021 report. Chinese autonomous trucking company Inceptio raised $120 million, Pony.ai raised $267 million, and Nuro raised $500 million – all just in the past week. Of note, ... To read more, click here.

Hyundai Motor Group acquires controlling interest in Boston Dynamics, valuing it at $1.1 billion

News Commentary | December 15, 2020

Under the agreement, SoftBank will retain 20% of Boston Dynamics, while Hyundai Motor Group will own 80% of the company. This is the third acquisition for Boston Dynamics, following Google's in 2013 and SoftBank's in 2017. Prior valuations of the company are unknown, but the current valuation is ... Not part of subscription

Autonomous vehicle developer Argo AI to go public

News Commentary | April 02, 2021

The company's CEO announced that Argo is "considering going public later this year or early next year." This news comes at the same time that other AV companies are also considering public listings. TuSimple has filed for an IPO, and Plus is reportedly pursuing a SPAC. It's not clear which path Argo... Not part of subscription