Momenta claims China’s first self-driving unicorn title after new round of funding

According to its press release, Chinese autonomous driving startup Momenta has officially achieved unicorn status.

As our sister site reported, the software provider accumulated $200 million in funding after its latest round of financing, featuring strategic investors like Tencent as well as state-backed China Merchants Venture, CCB International, and government funds based in Shanghai and Suzhou.

In the latest round, shareholders Pagoda Investment and NIO Capital also added to their existing investments.

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