Momenta

Suzhou, Jiangsu, China Autonomous Driving & AI Public

Momenta is a Chinese autonomous driving software company providing advanced driver-assistance systems (ADAS), urban navigate-on-autopilot and robotaxi technology to global automakers including BMW, Mercedes-Benz, Toyota, Audi, Nissan and SAIC, plus a robotaxi partnership with Uber in Europe. Listed on the Hong Kong Stock Exchange (6880) in July 2026, it reported 2025 revenue of RMB 2.41 billion, up 82% year over year.

Public Company

Momenta is publicly traded

IPO'd on Dec 2025

HKEX

This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2016

Employees

700+

Total Funding

$1.55B

11 rounds

Last Private Valuation

$6.18B

Dec 15, 2025

Secondary Signals

1 signal
IPO Recent amount HK$5.89B (~US$751M); price HK$295.60/share 2026-07-08

Priced Hong Kong IPO at HK$295.60/share, raising ~US$751M ahead of July 8 HKEX debut

Listing converts private holdings to public liquidity; stabilization ended 2026-08-02

Funding

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Rounds in grey italics are unconfirmed.

Total raised $1.55B across 11 rounds

Last updated 08-15-2026

DateRoundAmount RaisedValuationLead Investors
Mar 2026 Pre-IPO / HK IPO talks $1B Underwriters: CICC, Deutsche Bank
Dec 15, 2025 Series C12 / C13 CNBC Not disclosed $6.18B Not disclosed
2025 Series C12 / C13 CNBC Not disclosed $6B Not disclosed

Valuation Trajectory

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

$1B $2B $5B 2020 2022 2024 Momenta

Entry · Series C

$1B

Oct 2018

Momenta today

$6.2B

Dec 2025 · latest mark

Momenta multiple

6.2x

valuation uplift since first round

Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.

Leadership

  • Cao Xudong

    Founder & CEO

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Waymo

    Google-backed autonomous driving technology developer focusing on robotaxis and trucking

  • Cruise

    General Motors-owned autonomous vehicle company focused on robotaxis

  • Baidu Apollo

    Chinese autonomous driving platform providing ADAS and autonomous technology

  • WeRide

    Chinese autonomous driving startup focused on robotaxis and ride-hailing

  • TuSimple

    Autonomous trucking technology company using camera-based perception

  • AutoX

    Chinese autonomous driving company developing self-driving technology

Momenta Investment FAQ

Momenta FAQ

Momenta completed its Hong Kong IPO and began trading on the HKEX main board on July 8, 2026 under stock code 6880. The company priced ~19.94 million shares at HK$295.60 each for gross proceeds of HK$5,893.8 million (~US$751 million), rising to roughly HK$6.8 billion (~US$865 million) if the over-allotment option is exercised in full. CICC and Deutsche Bank acted as joint sponsors. The retail tranche was ~413.6x oversubscribed and institutional orders exceeded HK$100 billion; 14 cornerstone investors committed ~US$376 million, including GIC (US$100M), Fidelity International (US$100M), BlackRock (US$25M), Mercedes-Benz (US$25M), Oaktree (US$20M) and BYD's Golden Link (US$15M). Shares opened higher and traded up ~3-6% on debut, taking market capitalization to about HK$73.6 billion (~US$9 billion) intraday, versus ~HK$69.6 billion at the offer price. The listing values Momenta roughly 49% above the US$25.28 per-share price of its December 2025 Series C13 round (~US$6.19 billion post-money). Founders and management retain control through Class B weighted-voting shares. The path here ran from an abandoned New York listing (CSRC filing June 2024, approval lapsed 2025) to a confidential Hong Kong filing in March 2026 and the June 29, 2026 prospectus.

Momenta shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.

Momenta went public in Dec 2025 via ipo, with an offering valuation of approximately $6.18B. Momenta completed its Hong Kong IPO and began trading on the HKEX main board on July 8, 2026 under stock code 6880. The company priced ~19.94 million shares at HK$295.60 each for gross proceeds of HK$5,893.8 million (~US$751 million), rising to roughly HK$6.8 billion (~US$865 million) if the over-allotment option is exercised in full. CICC and Deutsche Bank acted as joint sponsors. The retail tranche was ~413.6x oversubscribed and institutional orders exceeded HK$100 billion; 14 cornerstone investors committed ~US$376 million, including GIC (US$100M), Fidelity International (US$100M), BlackRock (US$25M), Mercedes-Benz (US$25M), Oaktree (US$20M) and BYD's Golden Link (US$15M). Shares opened higher and traded up ~3-6% on debut, taking market capitalization to about HK$73.6 billion (~US$9 billion) intraday, versus ~HK$69.6 billion at the offer price. The listing values Momenta roughly 49% above the US$25.28 per-share price of its December 2025 Series C13 round (~US$6.19 billion post-money). Founders and management retain control through Class B weighted-voting shares. The path here ran from an abandoned New York listing (CSRC filing June 2024, approval lapsed 2025) to a confidential Hong Kong filing in March 2026 and the June 29, 2026 prospectus.

Momenta raised $1.55B across 11 disclosed funding rounds prior to its public listing.

Momenta was founded by Cao Xudong in 2016.

Momenta is headquartered in Suzhou, Jiangsu, China.

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