IT

The GM Ventures, Edison Energy and Exelon-backed round will support an expansion in production of Proterra's electric buses, as it shows EVs are still a viable target for venture funding.

GE Ventures came back for the industrial robot producer's latest round, having led its series D round in early 2015.

The corporate will back innovative technology up to series B stage and has announced the first 10 portfolio companies for the newly launched unit.

The fund, launched in 2015 with $80m in capital, has disclosed 11 additional investments, adding to the 14 it announced last July.

Corporate venturing units Smilegate Investment, Qualcomm Ventures and Softbank Ventures co-led a round that included Samsung Ventures.

Intel has acquired a 15% stake in mapping technology provider Here as part of a strategic partnership, buying shares from BMW, Audi and Daimler.

Zhang Jinling, who headed finance an investments for Xiaomi, has moved to Baidu and will be chief financial officer for its corporate venturing subsidiary.

Sogou, operator of China's third most popular search engine, could go public in the US this year at a $5bn valuation, giving exits to Tencent and Sohu.

Qualcomm and Foxconn are set to join Apple, which has confirmed it will invest $1bn in the SoftBank fund, which is expected to formally in the upcoming weeks.

Molex has invested an undisclosed amount in an Excelfore round sized at $10.6m as of August, taking a 20% stake in the smart mobility software provider in the process.