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flag Chinese startup Momenta seeks over $5B valuation in new funding to expand its autonomous driving tech.

flag Chinese autonomous driving startup Momenta is seeking new funding at a valuation exceeding $5 billion, according to people familiar with the matter. flag The Beijing-based company, backed by Temasek, Tencent, and Jack Ma’s Yunfeng Capital, is working with advisers to assess investor interest, aiming for several hundred million dollars in fresh capital. flag Momenta, founded in 2016, supplies advanced driver assistance systems to automakers like SAIC, GM, and Toyota, and operates robotaxis in cities including Shanghai and Munich. flag It filed confidentially for a U.S. IPO last year, though timing depends on market conditions. flag While Momenta denied specific financial details, it confirmed ongoing fundraising efforts. flag The move comes as Chinese robotaxi firms increasingly focus on licensing technology rather than operating fleets directly, with competitors like Pony AI and WeRide already listed in the U.S.

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