Managing director Sherwin Prior is leaving GM's corporate venturing unit after more than seven years to set up his own transport-focused VC fund.

Sherwin Prior, ranked 14th in the Global Corporate Venturing Rising Stars awards last year, will leave US-listed carmaker General Motors’ corporate venturing unit, GM Ventures, tomorrow to set up a venture capital firm, Blue Victor Capital.

Prior said: ”March 30th is my last day at GM Ventures. I am off to start my own venture fund focused on transportation.”

For his GCV Rising Stars award, Prior had been described as the “glue in the unit” of GM Ventures,…

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