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Chinese self-driving startup Momenta raises $300 million from GM · TechNode


General Motors said on Thursday that it will invest $300 million in Momenta, a Chinese autonomous vehicle startup. In March, the five-year-old startup closed a $500 million Series C from investors, including state-owned automaker SAIC, Toyota, auto parts supplier Bosch, and others. Cao Xudong, a former employee at Microsoft Research Asia, founded Momenta. [GM statement]



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Written by Aakash Malu

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