Shell's corporate venturing unit has chosen Shanghai as the location for its sixth office, enabling it to access a market it views as "exploding".

Dewost said: "With Leonard, Vinci is offering me a chance to contribute to the digital transformation of durable structures and move from bytes to concrete.

Girish Nadkarni, president of ABB Technology Ventures from 2009 until late last year, is set to take the president position at Total Energy Ventures.

Jonathan Tudor, formerly of Castrol InnoVentures and BP Ventures, has accepted an offer to join Centrica Innovations.

IdeaRefinery will not invest directly in the startups but will provide support, office space and executive mentorship.

GE Ventures and Statoil Technology Invest both participated in an inaugural funding round for Ambyint, which uses AI to improve production at oil and gas wells.

Corporates Ginkgo Bioworks and Bayer have launched a plant microbiome technology startup that is equipped with $100m in series A funding.

Daimler Trucks has led StoreDot's latest funding round, which included Samsung Ventures, as part of a strategic partnership agreement.