Several corporates are in line to exit WeRide through an IPO that could raise $500m, while CNH Industrial bought portfolio company Augmenta for $110m.

Gray 2-din Head Unit


Germany-headquartered venture capital firm Rethink Ventures has formed a €50m ($53.5m) fund with contributions from corporates ZF Group (through its ZF Ventures unit), Hellmann Worldwide Logistics, Kion Group, Berylls and Havi Logistics. The limited partners also include European Investment Fund and unnamed family offices, and the firm will invest in Europe-based mobility, automotive and logistics technology developers.

Public markets

WeRide, a China-based autonomous driving technology developer backed by corporate investors GAC, Robert Bosch, SenseTime, Nvidia, Renault, Mitsubishi, Nissan and Yutong, has confidentially filed to raise up to $500m in an initial public offering in the US, people familiar with the matter told Bloomberg. The company was valued at $4.4bn when it closed a $400m round in March 2022.


Industrial equipment producer CNH Industrial has acquired portfolio company Augmenta Agriculture Technologies,…

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Edison Fu

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