Momenta
Hong Kong-listed assisted-driving supplier building robotaxis on the side
Overview
Momenta is a Suzhou-based autonomous-driving company that sells L2 to L2++ assisted-driving software, including urban navigate-on-autopilot, to automakers such as Mercedes-Benz, and develops Level 4 robotaxis and robovans. It listed on the Hong Kong Stock Exchange (6880) on 8 July 2026.
Pricing
Pricing shown for reference only. These figures reflect RECATOOLS research as of 14 Oct 2026 and may be out of date or incomplete. This is not financial or purchasing advice — always confirm the current price on the provider’s official website before making any decision.
What you can produce with Momenta
- L2 to L2++ assisted-driving software for automakers' mass-production models
- Urban navigate-on-autopilot (NOA) on highways, city roads and in parking
- Level 4 robotaxi system for fleet partners such as Uber and Lumo
- Robovan autonomous delivery vehicles, piloting in Suzhou
- R7 world model as the shared base for cars, robovans and robotaxis
- Engineering partnerships with carmakers including Mercedes-Benz, Audi and Honda
Momenta has what most robotaxi start-ups lack: a large, high-margin software business underneath. More than a million production cars carry its assisted driving, first-half 2026 revenue grew 75.9% with a 73.2% gross margin, and it held 10.3 billion yuan in cash with no borrowings at the end of June, before the July 2026 Hong Kong listing proceeds.
The robotaxi side is still permits and partnerships, a German testing licence, Uber in Munich, Lumo in Abu Dhabi and Grab in Southeast Asia, with the first mass-produced vehicle due in late 2026. It is a B2B supplier with no self-serve product or published price, so for most readers it is a company to follow, not a tool to adopt.
What we found
Momenta is a Chinese autonomous-driving company that earns most of its money selling assisted-driving software to carmakers and is spending a growing share of it on robotaxis. Cao Xudong, formerly of Microsoft Research Asia and SenseTime, started it in Beijing in 2016; it now gives Suzhou as its base. Its mass-production stack covers L2 to L2++ features, including urban navigate-on-autopilot, and the company says more than one million production vehicles now carry it, across 105 delivered models from 26 automakers at the end of June 2026.
Momenta listed on the Hong Kong Stock Exchange on 8 July 2026 under the code 6880, pricing at HK$295.60 a share. The base offering raised HK$5.89 billion and valued the company at about US$9 billion; Gasgoo put the total near HK$6.8 billion once the over-allotment was exercised. Fourteen cornerstone investors, among them GIC, Fidelity International, BlackRock and Mercedes-Benz, took nearly US$376 million. The prospectus earmarks about 60% of proceeds for R&D and 20% for robotaxi commercialisation.
Its first results as a listed company, for the half to June 2026, showed revenue up 75.9% to 1.6 billion yuan, a 73.2% gross margin and an adjusted loss of just 14.1 million yuan. The reported loss was 16.54 billion yuan, almost all a non-cash charge on preferred shares that converted at listing. A China Insights Consultancy study in the prospectus ranks Momenta first among independent urban NOA suppliers, with a 64.5% share.
Robotaxis remain the promise rather than the business. Germany's KBA granted a nationwide Level 4 testing permit on 29 July 2026, with Munich named as the first European city for the Uber partnership, though no paid service has a date. An S-Class robotaxi fleet with Mercedes-Benz and Lumo was announced for Abu Dhabi, and Momenta signed a strategic partnership with Grab in December 2025. Its first mass-produced robotaxi is due in the fourth quarter. Nothing here is self-serve: Momenta sells to automakers and fleet operators under contract.
Compiled by RECATOOLS from public sources: vendor documentation and pricing, code repositories and published reporting.
About this listing
This entry was compiled from publicly available data including Momenta's official website, press releases, documentation, and reputable third-party publications. RECATOOLS is not affiliated with Momenta unless explicitly stated.
Third-party AI tools update their pricing, features, availability, and policies frequently. Information here may be outdated by the time you read this — we make reasonable efforts to keep listings current, but cannot guarantee absolute accuracy.
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