Momenta Secures Germany Nationwide Autonomous Driving License, Uber Deepens Strategic Partnership

The autonomous driving company Momenta has delivered heavy good news for overseas expansion. The company successfully obtained official approval from the German Federal Motor Transport Authority (KBA) and is authorized to conduct Level 4 autonomous driving road tests on city roads throughout Germany. This marks the first time a domestic autonomous driving enterprise has won Level 4 testing qualification for city roads across the entire German nation, indicating that China's high-level autonomous driving technology has officially obtained the clearance for full-domain implementation in the core European market, writing a milestone chapter for the global layout of the local intelligent driving industry.

After the positive news landed, the capital market quickly gave a positive feedback. Momenta's stock price surged over 10% intraday, fully confirming the market's high recognition of its overseas commercialization prospects. Industry analysts believe that this Germany nationwide testing license is not a single qualification breakthrough, but a key strategic layout for the landing of the enterprise's cooperation with the international giant Uber's European mobility project. As early as 2025, Momenta reached a deep strategic cooperation with the global top mobility platform Uber, confirming that Momenta autonomous driving taxi Robotaxi will be integrated into Uber's global mobility network. Munich was designated as the launch city for both parties' European projects. The landing of this full-Germany road test qualification will directly accelerate the scaled rollout of autonomous driving mobility services in Germany and even across the entire European region.

On the capital level, the binding relationship between the two continued to deepen. During Momenta's Hong Kong Stock IPO phase, SMB Holding Corporation, a wholly-owned subsidiary of Uber, continued to add capital to equity investment, winning 397,600 shares in the current public offering allocation segment. Tracing the previous financing process, SMB had completed the layout as early as September 2025 in the enterprise's Series C financing round, holding 791,055 preferred shares. With the stacking of two rounds of investment, Uber holds approximately 1.1887 million shares of Momenta in total. Business synergy combined with continuous capital injection created a three-dimensional deep cooperation system built by the two, forming a global development synergy integrating technology, funds, and channels.

As the "First Physical AI Stock" hotly discussed in the market, Momenta officially landed on the Hong Kong Stock Exchange on July 8. During the listing stage, it attracted widespread pursuit from global capital, fully displaying the technical attractiveness of domestic autonomous driving enterprises. Prospectus placement data shows that the oversubscription ratio of the enterprise's public offering shares reached 414 times; the international placement segment attracted institutional orders exceeding 100 billion Hong Kong dollars. Investors covered sovereign funds and long-term asset management institutions in 15 countries and regions globally. Top international long-term institutions such as Singapore Government Investment Corporation, Fidelity International, BlackRock, etc., all entered heavily as cornerstone and anchor investors.

Looking at industry development, developed overseas countries have strict access standards for autonomous driving testing, and Germany is even the highland of the global automotive industry, setting extremely high thresholds for autonomous driving safety and technical compliance. Momenta being able to obtain the full-Germany Level 4 testing license proves from the side that the safety, maturity, and compliance of domestic high-order autonomous driving solutions have reached international top standards. Unlike most enterprises limited to single-city pilots, the nationwide road test qualification grants the enterprise greater technology iteration space, allowing it to rely on Germany's complex and diverse urban road conditions to refine autonomous driving solutions adapted for European scenarios.

Currently, the pace of the domestic intelligent driving industry going global accelerates. Relying on its own Physical AI technology foundation, combined with the dual support of international mobility giant channels and capital, Momenta walks a differentiated global expansion path where technology export, capital cooperation, and commercial implementation proceed simultaneously. This landing of the Germany nationwide testing qualification is not only a key node in the enterprise's own global journey but also provides a replicable model for domestic autonomous driving enterprises entering the European high-end market, and is expected to continue to promote Chinese intelligent driving technology to the center of the global stage.