Self-driving startup Momenta ready to launch fully automated driving solution in Q3

Chinese autonomous driving startup Momenta plans to launch fully automated driving solutions in the third quarter of 2019, Cao Xudong, CEO of the startup announced on March 25 at a conference that celebrated the inauguration of its Suzhou headquarters.

In the first and second quarters of 2019, the startup is going to unveil an autonomous driving solution targeting expressway scenarios and an automated parking solution respectively, said Mr. Cao. Besides, an autonomous driving solution designed for urban scenarios will be released in the first quarter of next year. All solutions for expressway, parking and urban scenarios are available for mass production.

With respect to technology improvement, the CEO said it is necessary for Momenta to “walk on two legs”. On the one hand, it obtains a huge amount of sensor and mapping data by mass producing autonomous driving solutions, and then utilizes these data in road tests for fully autonomous driving solutions. On the other hand, the road test results should be reported to the team that is responsible for mass production, so as to keep optimizing algorithm and form a technical closed loop.

Based on the above logic, Momenta has built a series of basic architectures for big data, big computing model and algorithm platforms and designed a distributed deep learning training system dubbed ROCS. Up until now, the startup has set up computing platforms with over 4000 GPUs.

28. März 2019

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