Energy

The Tunghsu, ZGC and BAIC-backed hydrogen fuel engine producer has reportedly raised at least $67m of the $193m target for its initial public offering.

Over the past four quarters, almost one of every four corporate investors seems to be new, even in lockdown.

Stephen Cook, previously chief commercial officer of group technology for BP, has moved to senior vice-president of its Launchpad and Ventures subsidiary.

GE Ventures has divested stakes in 16 companies including Carbon, Desktop Metal and Proterra to venture firm 40 North Ventures.

Credit Agricole returned to reinvest in the solar and biomethane project developer having contributed to a $122m debt round in May.

The creative studio and 01Booster’s four-month joint venture will help grow the entrepreneurial ecosystem in the Japanese city of Fukushima and environs.

The online home insurer raised a series E round backed by a host of corporate venture investors.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

The real estate investment manager is now the largest investor in Harel Group-backed Ecoppia, which provides solar-panel cleaning systems.

Two fintech companies floated in early July 2020, giving an exit to corporate backers in what has been a good year for the sector.

The EV battery producer has gone public in China, weeks after raising $193m in a round featuring strategic partner Daimler.