The first stock of physical AI, Momenta, will launch its IPO tomorrow, with Mercedes-Benz, BYD, and others appearing in the cornerstone investor list.

On the evening of June 28th, the world's leading physics AI company, Momenta, will disclose its global offering documents on June 29th, officially launching its IPO and becoming the "first stock of physics AI". Information obtained by Sina Technology shows that the cornerstone seats of Momenta are unprecedentedly hot, with a luxurious lineup including top international long-term funds and sovereign funds, top strategic investors, and top Chinese capital. The cornerstone investors include Singapore's government investment company, Fidelity International, BlackRock, Sequoia Capital, Mercedes-Benz, BYD, and Gaoyi. Insiders revealed that Singapore's government investment company and Fidelity International are leading the way in this round, with GIC heavily invested in Anthropic and TSMC in recent years, and Fidelity International previously invested heavily in Chinduvision and Horizon Robotics, indicating that Momenta is becoming a "capital anchor" for the large-scale implementation of physics AI. Mercedes-Benz and BYD are both old shareholders of Momenta and deep cooperation partners, and this time as cornerstones they continue to increase their investment, bringing industry-side capital and order protection, deepening the moat of cooperation between the two sides. Earlier, on June 23rd, Momenta published its hearing material set on the Hong Kong Stock Exchange, and through the HKEX hearing, it officially entered the IPO sprint stage. The prospectus shows that Momenta's revenue has achieved a leap in scale in the past three years: from 743 million yuan in 2023 to 2.413 billion yuan in 2025, tripling in three years, with an average annual compound growth rate exceeding 80%. By the end of 2025, the company's cash reserves will exceed 10 billion yuan.