Battery recycler Ascend Elements and Geely spinoff Farizon each raised $300m while Saudi Aramco launched a $1.5bn Sustainability Fund.

electric scooter

M&A

Electric scooter rental service Helbiz has agreed to merge with Wheels Labs, a US-based peer backed by electronics manufacturer TDK. Wheels had reportedly raised over $96m as of April 2021.

Fund

Aramco Ventures, a corporate venturing subsidiary of Saudi Arabia-based oil and gas producer Saudi Aramco, has formed a $1.5bn vehicle to back energy transition technology developers. Areas of interest for Aramco’s Sustainability…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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