- Momenta was valued at over $5 billion in its latest funding round last year.
- Momenta has begun meeting with investors to gauge initial interest.
Chinese autonomous driving startup Momenta has confidentially filed for an initial public offering (IPO) in Hong Kong and may seek to raise at least $1 billion, Bloomberg reported Thursday, citing people familiar with the matter.
The company is working with China International Capital Corp (CICC) and Deutsche Bank on the listing and has begun meeting with investors to gauge initial interest, according to the report.
The report noted that the company was valued at over $5 billion in its latest funding round last year.
The move marks Momenta's official shift away from its previous New York listing plans, joining a recent flurry of share sales in the Asian financial hub.
Amid rising US-China tensions, Momenta had confidentially filed for a US IPO last year, but that application has since lapsed.
Founded in 2016 and currently headquartered in Suzhou, Momenta is one of China's most prominent autonomous driving solution providers.
Its strategic investors include Mercedes-Benz, SAIC Motor, Toyota Motor, General Motors, and Tencent Holdings.
The company provides mass-produced advanced driver-assistance systems for global automakers such as Mercedes-Benz, BMW, and Audi, while also aggressively pushing the commercialization of its robotaxi technology.
Momenta employs a strategy of integrating Level 4 autonomous driving capabilities into mass-produced vehicles, creating an all-in-one solution that eliminates the need for expensive post-production modifications.
In international expansion, Momenta received a strategic investment from Southeast Asian super-app Grab in December 2025 to promote the deployment of its technology in the region.
Additionally, the company reached a strategic partnership in the robotaxi sector with US ride-hailing giant Uber Technologies (NYSE: UBER) in May 2025.
