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- Momenta
Momenta Revenue, Valuation, Funding & Investors
Momenta is valued at $5B as of December 2025.
Last Momenta valuation
$5B
Strategic investment · Dec 2025
Last Momenta funding round
Strategic investment
Amount undisclosed · Dec 2025
Momenta revenue
$76M
Series B · Feb 2018
Key investors in Momenta
Tencent
ZhenFund
Temasek
Shunwei Capital
GGV Capital
Sinovation Ventures
About Momenta
Momenta is a Beijing-headquartered autonomous driving software company developing deep learning solutions for perception, high-definition semantic mapping, and path planning. The firm provides multi-level autonomy stacks and big data services, drawing on expertise from Faster R-CNN, ResNet developers, and ImageNet challenge winners.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Revenue
$76M (Feb 2018)
Valuation
$5B (Dec 2025)
Momenta Valuation
Momenta is currently valued at $5B, based on its strategic investment round in December 2025.
The round was led by Grab.
Momenta's valuation has grown 5.0x from $1B at its Series B in February 2018 to $5B in December 2025, across 3 priced rounds.
Momenta valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2025 | Strategic investment | $5B | - |
| Oct 2018 | Undisclosed stage | $1B | - |
| Feb 2018 | Series B | $1B | 13.2x |
Momenta Revenue
Momenta's latest recorded revenue is $76M, as of its Series B in February 2018. At a $1B valuation, that implies a 13.2x revenue multiple.
Momenta revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Feb 2018 | $76M | $1B | 13.2x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Momenta Funding History
Momenta has raised a total of $1.2B across 10 funding rounds.
Momenta's first fundraising round was a $200K Series A in August 2016. The most recent completed round was a strategic investment round in December 2025.
Momenta funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2025 | Strategic investment | Grab (lead) | - | $5B | Momenta is a Chinese autonomous driving technology company founded in 2016 and headquartered in Suzhou that specializes in providing smart driving solutions to automakers rather than competing directly in the robotaxi market like peers Pony.ai and WeRide. The company has secured strategic investments from major global automotive players including Mercedes-Benz, BMW, Toyota, General Motors, and Bosch, and operates across China, Germany, Japan, and the United States. In December 2025, Momenta entered into a strategic partnership with Grab, Southeast Asia's leading mobility superapp, which included a strategic investment from Grab and joint plans to deploy advanced autonomous driving technologies across the region. Momenta employs a distinctive dual-track strategy combining mass-market advanced driver assistance systems (ADAS) with L4 robotaxi development, with the key differentiator being its integration of autonomous capabilities directly into mass-produced vehicles through partnerships with automakers rather than requiring costly post-production modifications. The company has been valued at approximately $5–6 billion in recent transactions, positioning it between WeRide ($3.1 billion market cap) and Pony.ai ($7.6 billion market cap) among Chinese autonomous driving firms. Momenta's global expansion includes partnerships with Uber for autonomous driving operations in Munich scheduled for 2026 and a deployment of L4 robotaxi based on the Mercedes-Benz S-Class in Abu Dhabi with mobility operator Lumo. |
| Nov 2021 | Series C | YF Capital; IDG Capital; SAIC Motor | $200M | - | - |
| Sep 2021 | Series C | General Motors (lead); Temasek; Toyota; Bosch | $300M | - | - |
| Mar 2021 | Series C | Bosch (lead); SAIC Motor (lead); Toyota (lead); Temasek; YF Capital; Mercedes-Benz; Shunwei Capital; Tencent; Cathay Capital | $500M | - | Momenta is a leading Chinese autonomous driving technology company founded in 2016 that develops AI-powered full-stack autonomous driving solutions. The company operates through a dual-technology strategy with Mpilot, which provides end-to-end autonomous driving solutions for mass production vehicles, and MSD, which develops L4 fully autonomous driving technology for robotaxi and advanced mobility services. In March 2021, Momenta announced the completion of a Series C financing round totaling $500 million, led by Chinese automaker SAIC Motor alongside global strategic investors Toyota and Bosch. The round also included leading financial investors Temasek and Yunfeng Capital, with additional participation from Mercedes-Benz AG, GGV Capital, Shunwei Capital, Tencent, and Cathay Capital. Following this round, SAIC Motor became Momenta's largest shareholder. By November 2021, Momenta completed a Series C+ extension that added more than $500 million, bringing total Series C financing to over $1 billion, with General Motors joining as a major new investor contributing $300 million. The company had established strategic partnerships with multiple leading global automakers including Toyota, Mercedes-Benz, SAIC, and General Motors, as well as Tier 1 suppliers such as Bosch and Valeo. By the end of 2021, multiple customers were beginning mass production of mid-to-high-end vehicles equipped with Momenta's software, and the company had launched pilot operations for Momenta GO, its L4 robotaxi service, with plans to scale operations across multiple cities including Shanghai and Suzhou with autonomous vehicles powered by its technology. |
| Oct 2018 | Undisclosed stage | InnoVen Capital (lead); NIO Capital (lead); Pagoda Investment (lead); CCB International; Tencent; China Merchants Group | $120M | $1B | Momenta, founded in September 2016, develops autonomous driving software using deep learning for semantic mapping, route planning, camera-based safety systems, and parking solutions, targeting Tier 1 suppliers and OEMs. The company announced a new funding round on October 18, 2018, led by InnoVen Capital, NIO Capital, and Pagoda Investment, with participation from CCB International, China Merchants Group, Tencent, and government funds from Shanghai and Suzhou, bringing total funding to over $200 million. This Series C round valued Momenta at more than $1 billion, establishing it as China's first autonomous driving unicorn. Prior to this round, Momenta raised $5 million in Series A in late 2016 from Sinovation Ventures, Blue Lake Capital, and ZhenFund, and a $57 million Series B in October 2017 backed by NIO Capital, Daimler, Shunwei, Sinovation, GGV Capital, Unity Ventures, Cathay Innovation, Sequoia Capital China, and Hillhouse Capital. The 2018 round's strategic investors highlighted partnerships in automotive, logistics, and big data sectors. Momenta planned to use proceeds to enhance AI technologies, big data platforms, high-definition mapping, and Level 4 autonomous driving for highway and urban scenarios. By October 2018, Momenta had grown to over 700 employees, with more than 80% in development roles, including top experts in computer vision and deep learning. The company secured a road test license from Shanghai authorities and formed a strategic agreement with Suzhou government to deploy a large-scale test fleet and build smart transportation systems. Cathay Innovation, an early backer, noted Momenta's technical milestones and traction with leading customers amid the automotive industry's shift toward autonomous mobility. |
| Feb 2018 | Series B | GGV Capital (lead) | $21M | $1B | Momenta is a China-based autonomous driving technology developer specializing in deep learning software to analyze sensor data for route planning and prediction in vehicles. The company, founded around 2016, progressed from a $5 million Series A in 2016 led by Blue Lake Capital with Sinovation Ventures and ZhenFund. It raised a Series B in 2017 led by NIO Capital with Daimler, Sinovation, GGV Capital, Shunwei, Unity Ventures, and Cathay Innovation. GGV Capital participated in subsequent rounds including Series B2 and the October 2018 Series C. In October 2018, Momenta completed a $200 million Series C financing round, achieving a post-money valuation exceeding $1 billion (approximately 7.09 billion yuan), becoming the first unicorn in the autonomous driving field. Investors included strategic players like Tencent, CMG Ventures, Guoxin Capital, Yuanhe Origin, CCB International, Pagoda Investment, China Merchants Group, and government funding from Shanghai and Suzhou. This round valued the company at $1bn, with Tencent and Nio Capital also investing in an undisclosed size portion of the 2018 financing. Momenta continued raising capital aggressively, completing a $500 million Series C in March 2021 co-led by Temasek and Yunfeng Capital with Bosch, Tencent, Toyota, Mercedes-Benz, SAIC Motor, Cathay Capital, GGV Capital, and Shunwei Capital. Eight months later, it added another $500 million in Series C+ from SAIC Motor, General Motors, Toyota, Mercedes-Benz, Bosch, and Tencent, pushing cumulative Series C funding over $1 billion. By late 2024, Momenta's valuation reached $6 billion (42.54 billion yuan) amid plans to IPO in Hong Kong, attracting luxury investors. The company positioned itself for mass production in autonomous driving, competing in a capital-intensive sector with backing from automotive giants and tech firms. |
| Oct 2017 | Series B | GGV Capital (lead) | $11M | - | Momenta is a China-based autonomous vehicle software developer founded in September 2016 by Cao Xudong, former scientist at Microsoft Research. The company develops deep learning technology software for autonomous driving that processes sensor data for semantic mapping and route planning, along with camera-based safety and fleet management systems and garage parking tools. In October 2017, Momenta closed a Series B funding round backed by a consortium of investors including GGV Capital, Nio Capital, Daimler (Mercedes-Benz), Shunwei Capital, Sinovation Ventures, Unity Ventures, Cathay Innovation, Sequoia Capital China, and Hillhouse Capital. This round was followed by Series C financing in October 2018 that valued Momenta at over $1 billion, making it the first unicorn in the autonomous driving field. By 2021, Momenta had attracted strategic investment from General Motors ($300 million), Tencent, and other major partners, positioning itself as a leader in autonomous driving technology development in China. |
| Jul 2017 | Series B | NIO Capital (lead); UnityVC; Mercedes-Benz; Shunwei Capital; Sinovation Ventures; Cathay Innovation | $46M | - | Momenta is a Beijing-based autonomous driving startup founded in 2016, developing deep learning-based software for perception, high-definition semantic mapping, path planning, and object recognition in self-driving vehicles. The company also offers camera-based safety and fleet management systems and garage parking tools. Momenta differentiates through its young team of ex-Microsoft researchers and PhDs, focusing on software solutions amid global competition from U.S. startups like Drive.ai and nuTonomy. Strategic partnerships with automotive firms like Daimler underscore its positioning in the autonomous vehicle sector. On July 25, 2017, Momenta raised a $46 million Series B round led by NIO Capital, with participation from Shunwei Capital, Sinovation Ventures, Unity Ventures, and Daimler (Mercedes-Benz Group AG), matching the specified investors including Cathay Innovation in related coverage. A subsequent $57 million Series B extension closed in October 2017 with additional backers including GGV Capital, Cathay Innovation, Sequoia Capital China, and Hillhouse Capital. Later funding brought total capital to $200 million and valued the company at over $1 billion with investors like Tencent, NIO Capital, Pagoda Investment, China Merchants Group, CCB International, and government funds from Shanghai and Suzhou. |
| Nov 2016 | Series A | ZhenFund; Blue Lake Capital; Sinovation Ventures | $5M | - | - |
| Aug 2016 | Series A | ZhenFund; Sagamore Investments | $200K | - | - |
Who has invested in Momenta?
24 investors have backed Momenta across its funding rounds, including Tencent, ZhenFund, Temasek, Shunwei Capital, GGV Capital and Sinovation Ventures.
Lead investors include Grab, General Motors, Bosch, SAIC Motor, Toyota and 4 other investors.
Momenta Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Mar 2021 | ||
| 2 | Participant | Aug 2016 | ||
| 2 | Participant | Mar 2021 | ||
| 2 | Participant | Jul 2017 | ||
| 2 | Participant | Jul 2017 | ||
| 2 | Participant | Oct 2018 | ||
| 2 | Lead | Mar 2021 | ||
| 2 | Participant | Nov 2016 | ||
| 2 | Lead | Mar 2021 | ||
| 2 | Lead | Oct 2017 | ||
| 2 | Lead | Jul 2017 | ||
| 2 | Lead | Mar 2021 | ||
| 1 | Participant | Jul 2017 | ||
This data is available for Pro users. Sign up to see all 24 Momenta investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by Momenta
Momenta has invested in 1 company to date.
Latest investment by Momenta was on July 27th 2026. Momenta invested in Frenos in their $2M Seed round.
Latest Investments by Momenta
| Description | Frenos is a pioneer in AI-native operational technology security for 16 critical infrastructure sectors, using digital twins and SAIRA agentic AI for continuous posture management. Headquartered in Tel Aviv, its platform assesses and defends environments in energy, water, and manufacturing. Launched in 2023, Frenos collaborates with sector partners worldwide. |
| HQ Country | |
| HQ City | Charlotte, NC |
| Deal Date | 27 Jul 2026 |
| Round | Seed |
| Raised | $2M |
| Investors | Exposition Ventures; Riptide Ventures |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Momenta investments and their VC round multiples. Start Free Trial | |
Momenta Competitors
Momenta competitors include listed companies like Cidi, Kodiak AI, Momenta Global and UBtech Robotics, and private ones like Didi Woya and Avride.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $5B | - | ||
| Private | - | - | $2.8B | - | ||
| Publicly listed | $132M | ($155M) | $1.3B | 5.0x | ||
| Publicly listed | $4M | ($577M) | $768M | 98.7x | ||
| Publicly listed | $360M | ($502M) | $5B | - | ||
| Publicly listed | $298M | ($108M) | $5.1B | 9.5x |
Momenta Public Comps
Momenta is still privately-owned, but its public comps include Momenta Global, UBtech Robotics, Avic (Chengdu) Uas, Ondas, Symbotic, Mobileye, Infleqtion, China Aerospace Times, Pony AI and Space42.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $360M | ($502M) | 10.5x | - | (7.5x) | - | |||
| $298M | ($108M) | 16.6x | 9.5x | (45.7x) | (108.4x) | |||
| $450M | $19M | 8.6x | - | 202.0x | - | |||
| $51M | ($127M) | 57.8x | 7.4x | (23.0x) | (31.0x) | |||
| $2.2B | ($35M) | 2.0x | 1.6x | (128.5x) | 13.3x | |||
| $1.9B | $140M | 2.8x | 2.7x | 38.5x | 12.3x | |||
| $29M | ($52M) | 92.3x | 64.5x | (50.9x) | (60.0x) | |||
| $2.1B | $166M | 3.9x | 3.5x | 48.1x | - | |||
This data is available for Pro users. Sign up to see all Momenta competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Momenta
| When was Momenta founded? | Momenta was founded in 2016. |
| Where is Momenta headquartered? | Momenta is headquartered in Beijing, China. |
| Is Momenta publicly listed? | No, Momenta is a private, VC-backed company. |
| What is Momenta's valuation? | Momenta was last valued at $5B in its strategic investment round in December 2025. |
| How much funding has Momenta raised? | Momenta has raised $1.2B across 10 funding rounds. |
| What was Momenta's last funding round? | Momenta's last funding round was a strategic investment round in December 2025, led by Grab. |
| Who are Momenta's investors? | Momenta's investors include Temasek, ZhenFund, YF Capital, Mercedes-Benz, Shunwei Capital, Tencent, SAIC Motor, Sinovation Ventures, Toyota, GGV Capital and 14 others. |
| What is Momenta's revenue? | Momenta's latest recorded revenue is $76M (February 2018). |
| What is Momenta's revenue multiple? | Momenta's latest valuation implies a 13.2x revenue multiple ($1B valuation on $76M of revenue). |
| Which companies are comparable to Momenta? | Companies comparable to Momenta include Didi Woya, Avride, Cidi, Kodiak AI, Momenta Global and UBtech Robotics. |
| How many companies has Momenta invested in? | Momenta has invested in 1 company, including Frenos. |
| What was Momenta's last investment? | In July 2026, Momenta invested in Frenos' $2M seed round alongside Exposition Ventures and Riptide Ventures. |
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