The global leader in physical AI, Momenta, is set to formally launch its share offering by releasing its global offering documents on June 29, marking its debut as the first publicly listed physical AI company.

Information indicates the cornerstone investor list for Momenta is exceptionally strong and prestigious, featuring top-tier international long-term funds, sovereign wealth funds, strategic investors, and leading Chinese capital. Notable names on the cornerstone list include Singapore's GIC, Fidelity International, BlackRock, Oaktree Capital, Mercedes-Benz Group, BYD Company Limited, and Gaoyi Capital.

Sources reveal that GIC and Fidelity International are leading this round of investment. GIC has recently made significant investments in Anthropic and TSMC, while Fidelity International has previously held major positions in AI leaders such as Zhongji Innolight and Cambricon. This signals that Momenta is becoming a key "capital anchor" for the large-scale implementation of physical AI. Both Mercedes-Benz and BYD Company Limited are existing shareholders and deep strategic partners of Momenta. Their continued and increased investment at the cornerstone stage provides dual support from both industrial capital and orders, indicating a further deepening of the strategic moat in their collaboration.

Previously, on June 23, Momenta published its post-hearing information pack on the Hong Kong Stock Exchange, having passed the listing hearing and officially entering the final sprint phase for its IPO. The prospectus shows that Momenta's revenue has achieved leapfrog growth over the past three years: from 2023 to 2025, its operating income grew from 743 million yuan to 2.413 billion yuan, tripling over three years with a compound annual growth rate exceeding 80%. As of the end of 2025, the company's cash reserves exceeded 10 billion yuan.