Mitrjaschkin will be a partner at joint venture Incharge Capital Partners.

Jones had founded two internal ventures at the company before moving to the CVC arm to manage open innovation.

CVCs invested over 50% more dollars in transport year-on-year, while they train their eye on connected industries in 2025

With billion-dollar funding rounds being limited to a few large companies, the self-driving car industry still appears to have a bumpy road ahead.

The Japanese shipping giant has opened a CVC office in India as the country increasingly becomes a strategic target for shipping companies.

There was a 62% jump in exits for corporate-backed startups in November, with IPOs and acquisitions across a range of geographies and sectors but also some notable bankruptcies.

Scania’s loan will keep Northvolt operational during bankruptcy as it fights to survive.

Financial troubles, including billions in debt, components manufacturer ZF Group doomed its CVC unit earlier this year.

The departure of Sven Furhmann from Northvolt's board comes after a series of setbacks that have raised questions about the battery maker's future.

Some 37 corporate-backed startups were either acquired or taken public in October, with the total value of exits at $4.37bn, a significant rise on last year.