Energy

AG2R La Mondiale committed capital to lending platform Younited Credit. The larger round is not surprising as the alternative lending space is experiencing a recovery after the pandemic shock.

Munich Re and Microsoft helped CO2-to-chemicals technology provider Twelve raise $57m while Eli Lilly and Kaiser Permanente-backed CRO dMed-Clinipac secured $50m.

Atlas Sensor Technologies, GrowFlux, Motorleaf, New West Genetics and SunPath have been selected to participate in Wells Fargo’s Innovation Incubator.

Q&A with Aruna Subramanian, managing director, Sabic Ventures

ArcelorMittal has reinvested in the CSP technology developer through the latter’s reverse merger with Athena Technology Acquisition Corp.

Renault co-led a round for the electric vehicle battery developer, investing alongside fellow corporates Arkema, Capgemini, Schneider Electric, Tokai Cobex and Groupe Idec.

Hyundai Motor provided new funding to the lithium-metal battery developer, which was previously backed by General Motors, SAIC Motor and Applied Materials.

The China-based ride hailing service company debuted in an upsized $4.44bn IPO, giving potential exits to several corporate backers that are among some of its largest external shareholders.

Q&A with Iliana Portugues, head of UK disruptive innovation, National Grid Partners

Healthcare planning software developer Hospital IQ secured $25m in a Baxter-led round while augmented reality platform developer Ubiquity6 and infant product retailer Mumzworld have been acquired.

A number of corporate backers scored an exit from trucking services marketplace Full Truck Alliance (Manbang Group), as the latter went public in the US. This transaction exemplifies an upward trend in exits for corporate-backed businesses from the transport and mobility space.