The CICC Porsche (Shanghai) Venture Capital fund, whose size is reportedly $118m, will target energy and connected vehicles in China.

After three years at the Japanese electronics group’s CVC unit, Marc Bouchet got promoted for a second time to senior investment associate.

As part of its new 2035 Industrial Plan, A2A has joined forces with 360 Capital again for a second CVC fund on its way to a $217m target.

Aramco Ventures believes generative AI will be part of helping the Saudi oil major meet its 2050 net zero target.

The startup, which makes batteries designed to perform better in extreme heat and cold, also has Lockheed Martin, LG, Taiyo Nippon Sanso and Shell as backers.

Corporate investors like Ikea, Scania and Brazilian pulp company Suzano are getting involved in the startups in the accelerator.

Investment in the sector has halved in the two years since Yamaha Motor Ventures launched its Sustainability Fund. So, it's thinking more creatively about where it invests.

Marotta will continue to work for Terna's CVC unit, having relocated from Italy to Silicon Valley for an international innovation specialist role.

Alex Kamenetskiy is now managing director at the CVC unit, while Ian Sanders and Sabeeha Islam are SVP and VP of portfolio development.

Kevin Rodrigues will take over the Europe-related duties from fellow managing director Sophia Nadur, who will focus on the global south.