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

Fund

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…

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Edison Fu

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