Partech Entrepreneur II, backed by a range of corporates including Carrefour, Edenred, Groupama, Renault and Ingenico, has closed with $107m in commitments.

Technical University of Munich-backed Lilium, a flying car developer, has secured funding from VC firm Atomico as it looks to start flight tests in early 2017.

A developer of technology to speed up enzyme discovery, EnzBond secured seed funds from the institution's Oxford Sciences Innovation.

The car manufacturer is set to conduct corporate venturing activities through the new unit.

Volkswagen has set up a new spinout, called Moia, that will focus on urban mobility solutions.

The Hubert Media-backed vehicle, which will support Southeast Asian startups, is ten times the size of the firm's debut vehicle, which closed in 2012.