(Yicai) June 26 -- Major Level 2 Navigate on Autopilot (NOA) solution provider Momenta has filed for a Hong Kong initial public offering, marking the latest step in its listing process. China International Capital Corporation and Deutsche Bank are acting as joint sponsors for the offering, according to the recently filed prospectus. Founded in September 2016, Momenta develops AI-powered driver-assistance software (Mass Production) and even more autonomous L4 driving technologies (Scalable Robo). Its commercial products include solutions for self-driving taxi Robotaxi and autonomous commercial van Robovan, with plans to expand into autonomous trucks (Robotruck) by 2027. The IPO comes as China's urban NOA market approaches an inflection point. China Insights Consultancy expects urban NOA penetration in China to rise from 11 percent in 2025 to 62 percent by 2030, while third-party suppliers' market share is projected to reach about 75 percent. According to the research firm, Momenta holds a 65 percent share of China's third-party urban NOA supplier market by sales. Expanding Market Opportunity Momenta is well-positioned to benefit from that growth. CIC forecasts annual sales of urban NOA solutions will increase from 2.6 million units in 2025 to 18.2 million units in 2030, representing a compound annual growth rate of about 48 percent. Momenta and Huawei HI currently account for more than four-fifths of the market. In the autonomous mobility market, CIC estimates China's robotaxi market will reach about USD38.1 billion by 2030, with penetration rising to around 12 percent. Momenta has formed robotaxi partnerships with ride-hailing platforms Uber, Grab, Xiangdao Chuxing, and carmaker Mercedes-Benz Group across Asia, Europe, and the Middle East, and plans to launch services in multiple new cities globally this year. As of June, more than 900,000 mass-produced vehicles had been equipped with Momenta's systems. The company has delivered more than 100 vehicle models and