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Momenta, China’s first autonomous driving unicorn company

Momenta receives $1 billion investment.

Momenta, a China-based autonomous driving company, announced Thursday that it has secured a new round of funding at a valuation north of $1 billion. Existing investor NIO Capital and Pagoda Investment increased their investments. Strategic investors, including Tencent, government funds from Shanghai and Suzhou, China Merchants Group, and CCB International …

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