- Autonomous driving firm plans to issue up to 43.75 million shares in offshore offering
- Company counts global automakers and mobility platforms among partners and investors
Momenta Global Limited, an autonomous driving technology provider, has cleared a key regulatory hurdle for its Hong Kong listing after filing for an offshore IPO with China’s securities regulator, marking a significant step toward going public.
China’s securities regulator said in a notice on June 18 that Momenta Global Limited had completed its filing for overseas listing.
The Suzhou-based technology company submitted the materials through its mainland operating entity, Momenta (Suzhou) Technology Co., and plans to issue up to 43,754,060 ordinary shares for listing on the Hong Kong Stock Exchange.
Standard process
Under China’s regulatory framework, companies seeking overseas listings are required to obtain a filing approval from the securities regulator in advance.
The process has become a standardized part of cross-border fundraising oversight in recent years, aimed at improving compliance transparency and strengthening risk controls.
Founded in 2016, Momenta is a Chinese autonomous driving company that follows a dual-track strategy combining data-driven development with a mix of mass-production assisted driving and scalable robotaxi systems.
Robotaxi, ADAS expansion plan
The company’s model extends across passenger vehicles as well as robotaxi and robovan applications, with plans to expand into autonomous trucking by 2027.
In the passenger vehicle segment, Momenta uses a single foundation model to support both production vehicles and autonomous driving applications, positioning itself across multiple commercial use cases.
According to a recent industry report on China’s autonomous driving sector, Momenta held a 65% share of third-party city navigation-on-autopilot (NOA) supplier sales between March 2025 and February 2026.
The company’s production-ready systems have been deployed in more than 10 countries and regions across Asia, Europe and Oceania.
Its robotaxi operations have partnered with ride-hailing platforms including Uber, Grab, Lumo and SAIC’s mobility arm, as well as automakers such as Mercedes-Benz.
Global auto partners lineup
These deployments span Asia, Europe and the Middle East, with further rollouts planned in additional cities this year.
Momenta describes itself as “a shared choice of global brands,” with partners including Mercedes-Benz, BMW, Toyota joint ventures in China, Honda, Nissan, and others.
The company has also attracted investment from major automakers including SAIC, General Motors, Mercedes-Benz, Toyota, BYD, Chery and Hyundai Motor Group, according to information on its website.
Media reports have previously valued the company at more than 100 billion yuan ($14.77 billion).
