The carmaker intends to allocate $356m to the vehicle, which will invest in early-stage companies in addition to decarbonisation schemes.

Cigna has returned to invest $29.5m in electric vehicle charging technology developer Tritium ahead of its $1.2bn reverse merger later this year.

Versanis Bio secured $70 to commercialise a treatment licensed from Novartis, while Salesforce, Intel, Orange, Nike and Alphabet all celebrated exits.

Automotive e-commerce platform Carsome has reached a $1.3bn valuation through the close of a series D2 round backed by Catcha Group, MediaTek, MUFG Innovation Partners and Daiwa PI Partners.

Sinbon Electronics-backed VanMoof has accumulated $182m of total funding following a series C round.

Koch Industries is among the investors backing the autonomous short-haul provider as hits more than $114m in total funding.

Yandex has agreed to a $1bn deal to wholly acquire the self-driving technology spinoff, jointly formed with Uber, and three other businesses.

Bilibili, CATL and Intel were among the investors that have backed the smart EV developer’s pre-series A round, valuing the Geely spinoff at $9bn.

Amazon, Ford, Sumitomo, Cox Enterprises and Abdul Latif Jameel are set to score exits after the electric truck developer filed confidentially to go public.

Ferrovial and Mitsui Fudosan helped mobility platform developer Maas Global hike its latest round to nearly $46m while automotive technology developer Visic Technologies raised $35m.