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Toyota, GM-backed startup Momenta planning entry into last-mile autonomous delivery
Original from TechNode.com: Toyota, GM-backed startup Momenta planning entry into last-mile autonomous delivery

Toyota, GM-backed startup Momenta planning entry into last-mile autonomous delivery

Chinese self-driving technology company Momenta is assembling a team to create Level 4 autonomous delivery robots, aiming to enhance its valuation ahead of a potential public listing. This initiative comes as the company seeks to capitalize on its existing partnerships with major automakers such as Toyota, General Motors, and Mercedes-Benz. While specific details about the project remain undisclosed, sources from the Chinese media outlet Xinliu Car indicate that this move is part of Momenta's broader strategy to solidify its position in the competitive autonomous vehicle market.

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