Momenta may seek to raise at least US$1 billion (RM3.94 billion) in the IPO, the people said, adding that deliberations are ongoing and no final decisions have been made. Other self-driving firms — including Pony AI Inc and WeRide Inc — have tapped Hong Kong’s capital markets to support their growth and tech development. Momenta had previously considered listing in the US, confidentially filing for an IPO in 2024, people familiar with the matter said at the time. GM announced a US$300 million investment in Momenta in 2021 to accelerate the development of self-driving tech for its cars in China. Momenta also has partnerships including with Uber Technologies Inc on robotaxis, as well as Grab Holdings Ltd.

Source: The Edge Markets March 05, 2026 09:42 UTC