Momenta
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Facing roadblocks, China’s robotaxi darlings apply the brakes
A few years ago, robotaxis were the darlings of venture capitalists in China. A cadre of audacious startups, including Deeproute.ai, WeRide.ai, Pony.ai and Momenta reeled in hundreds of millions of dollars to fuel their costly ambitions. With pockets overflowing, they spent generously on building self-driving vehicle fleets. Their geeky executives, swapping T-shirts for sharp suits,…
Oppo stays ‘committed’ to Europe despite sales suspension in Germany
Chinese smartphone titan Oppo will keep Germany as its main operational hub for its European business despite recently withdrawing sales from the country, Billy Zhang, the firm’s vice president of…
The Station: EVs abound at Monterey Car Week and Tesla amateur testing spreads to include kids
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Welcome back to…
SAIC Mobility, an arm of state-owned Chinese automaker SAIC that aims to launch a commercial robotaxi service, raised $148 million (RMB 1 billion). The funds will be used to scale…
Bosch picks up Five.ai after the self-driving startup pivoted to B2B and then put itself up for sale
Consolidation is moving ahead in the world of autonomous driving, with the latest development coming out of Europe. Today, Bosch announced that it would be acquiring Five.ai, the autonomous driving…
China’s EV upstarts are building their own investment powerhouses
The investment game going after automotive startups is getting more competitive in China with not only established venture capital firms joining the fray but also industry veterans. Two mobility-focused funds…
Chasing Cruise and Waymo, Chinese AV company AutoX plans to begin testing in San Francisco
AutoX, a Chinese autonomous vehicle company that has made plays in both the U.S. and its home country, is now making a move into San Francisco, an area where its…
Featured Article
What’s driving China’s autonomous vehicle frenzy?
China’s autonomous vehicle industry saw a period of unprecedented acceleration in 2021, with over $8.5 billion invested in robotaxi startups, self-driving truck developers and equipment makers.
Autonomous driving startups in China are in an arms race to put passengers in their machine-driven vehicles. Every few weeks, news arrives that another major player has got the greenlight…
Temasek seeks emerging tech in China as it halts internet investments
China’s sweeping clampdown on its internet industry has chilled investors and startups betting on once red-hot areas like games and e-commerce. But investors aren’t slowing their pace in the country.…
Autonomous driving startup Momenta raises another $500M
In the wake of a $300 million investment from General Motors in September, Momenta, an autonomous driving solution provider from China, announced today an additional $500 million added to its…
China roundup: Meng Wanzhou’s release and Huawei’s future
Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. On…
GM invests $300M in China’s first self-driving car unicorn Momenta
General Motors has now joined a slew of other major automakers, including Toyota, Chinese state-backed SAIC Motor and Mercedes-Benz AG, in putting its chips behind Chinese autonomous driving startup Momenta.…
China roundup: Beijing is tearing down the digital ‘walled gardens’
Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world.…
It’s game day for mobility tech mavens around the world. Well, at least for the ones who made the savvy decision to attend TC Sessions: Mobility 2021. Are you ready…
TezLab CEO Ben Schippers to discuss the Tesla effect and the next wave of EV startups at TC Sessions: Mobility 2021
As Tesla sales have risen, interest in the company has exploded, prompting investment and interest in the automotive industry, as well as the startup world. TezLab, a free app that’s…
ChargerHelp co-founder, CEO Kameale C. Terry is heading to TC Sessions: Mobility 2021
Thousands of electric vehicle charging stations will be built around the country over the next decade. ChargerHelp!, founded in January 2020 by Kameale C. Terry and Evette Ellis, wants to…
China’s autonomous vehicle startups AutoX, Momenta and WeRide are coming to TC Sessions: Mobility 2021
As the autonomous vehicle industry in the United States marches toward consolidation, a funding spree continues to exhilarate China’s robotaxi industry. Momenta, Pony.ai, WeRide and Didi’s autonomous vehicle arm have…
More investors are joining the wave to bet on lidar, the remote sensing method that uses laser light to measure distances and has garnered ample interest from automakers in recent…
The Station: Uber’s new battles in the UK, Lucid Motors’ second life plans and Cruise acquires Voyage
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi friends and…
Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round
Across the street from Suzhou North, a high-speed railway station in a historic city near Shanghai, a futuristic M-shaped building easily catches the eye of anyone passing by. It houses…
AutoX becomes China’s first to remove safety drivers from robotaxis
Residents of Shenzhen will see truly driverless cars on the road starting Thursday. AutoX, a four-year-old startup backed by Alibaba, MediaTek and Shanghai Motors, is deploying a fleet of 25…
Daimler-backed Momenta says its robotaxis will be fully driverless and profitable in 2024
In China and the U.S., there’s much debate about when and how humans will achieve fully autonomous robotaxis at scale — cars that chauffeur passengers under complex road conditions without…
Fleet Space Technologies raises $7.35M for its space-based IoT tech
Australian satellite startup Fleet Space Technologies has raised a $7.35 million round of funding to help launch its next generation of nanosatellites, extremely small satellites it employs to deliver Internet…
China is BMW’s largest market, and the German automaker knows in order to capture the country’s demanding consumers, its future models must support robust autonomous driving capability. But to build…
Featured Article
How China’s first autonomous driving unicorn Momenta hunts for data
Cao Xudong turned up on the side of the road in jeans and a black T-shirt printed with the word “Momenta,” the name of his startup. Before founding the company — which last year topped $1 billion in valuation to become China’s first autonomous driving “unicorn” — he’d already led an enviable life, but he…
America may have created AI, but China is taking the ball and running when it comes to one of the world’s most pivotal technology innovations. That’s according to Kai-Fu Lee,…
Beijing-based Momenta announced this morning that it raised a $46 million Series B round led by NIO Capital. Momenta produces self-driving car software that applies deep learning to mapping, path planning…
