360 Security and CATL helped Hozon Auto close a $1.5bn series D while Origin Energy and Tokyo Gas backed a $550m round for Octopus Energy.

Reverse mergers

Satellite operator Eutelsat agreed yesterday to merge with portfolio company OneWeb, the UK-based developer of a satellite internet system. Eutelsat owned 22.9% of the company as of October 2021 and OneWeb’s other investors include satellite services provider Hughes Network Systems, telecommunications and internet group SoftBank and Hanwha Systems, a smart technology subsidiary of conglomerate Hanwha. OneWeb’s backers will get 230 million newly issued Eutelsat shares that will represent 50% of the enlarged share capital.

.fadeOut{ background: rgb(255,255,255); background: linear-gradient(0deg, rgba(255,255,255,1) 0%, rgba(255,255,255,0) 100%); margin-top:-350px; position: relative; z-index: 10; margin-bottom:30px; padding:50px; } .flex{ display:flex; justify-content:space-between; padding:10px 15px; background:#2e71b6; align-items:center; } .restricted-content{ box-shadow:0px 10px 20px rgba(0,0,0,0.4); padding:30px !important; } @media(max-width:1024px){ .hiddenWrap{ position: relative; height:600px; overflow:hidden; } .fadeOut{ padding-right:10px; padding-left:10px; margin-top:40px; height:auto; width:100%; height:600px; position: absolute; top:0px; left:0px; } .flex{ display: block; text-align:center; } .flex button{ margin-top:10px; } .restricted-content{ position: absolute; top:0px; left:0px; width:100%; height:auto; position: relative; } }

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Edison Fu

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