A car equipped with Momenta technology on display at the IAA Mobility display in Munich, Germany in September 2025.
Arjun Kharpal | CNBC
Momenta, a Chinese driverless technology startup, is raising a fresh round of funding that could value the company at around $6 billion, two people familiar with the matter notified CNBC.
The valuation could alter as the funding progresses, one of the people, who wished to remain anonymous becautilize they were not authorized to discuss the details publicly, declared.
Bloomberg first reported the deal with a valuation above $5 billion.
Momenta declined to comment when contacted by CNBC.
The Beijing-headquartered company develops software and algorithms that can be utilized by autocreaters to give their vehicles some automated driving features. These company claims that its Advanced Driver Assistance Systems (ADAS) allows a car to carry out some functions autonomously such as altering lanes.
This week Momenta and Mercedes-Benz struck a deal to bring the Chinese firm’s technology to the German auto giant’s all-new electric CLA in China. The technology will power Mercedes-Benz’s driver assistance system across highways, urban streets, and parking, the two companies declared in a joint press release on Thursday.
Momenta’s technology will eventually be equipped on 40 models developed by Mercedes-Benz, a person familiar with the matter declared.
BMW signed a similar deal in June to equip its Neue Klasse electric vehicles in China with Momenta technology.
Momenta’s list of investors include Tencent, Temasek, SAIC Motor, Toyota and Mercedes-Benz.
The company is participating in a competitive market that includes players like Nvidia and Horizon Robotics in China. There are a number of other players in the autonomous driving software space including WeRide and Pony.ai.
Signing with global autocreaters is a large win for Momenta which is also gearing up for an initial public offering. Reuters reported on Friday that the company is considering shifting its listing to Hong Kong from New York.
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