Transport

With backing from Ford and unnamed corporates, the mobility-focused venture capital firm has closed its third investment vehicle.

SAIC Motor’s FOF Hengxu Capital subsidiary has led a round for the automotive parts manufacturer, investing alongside backers including Wenzhou Transportation, Zhucheng Yihe Axles and Qingte.

KAR Global was among the strategic investors helping the online car retailer expand into new regions

Exor has backed the car repair services provider which already counted Mahindra & Mahindra and Mitsubishi as existing shareholders.

Meituan's Longzhu Capital vehicle contributed to a round for the driverless vehicle technology developer that followed an investment by ByteDance five months ago.

National Grid Partners contributed to data protection software provider Baffle's series B round while Axa and Zendesk exited sales enablement platform developer Seismic.

Nio Capital returned for the lidar system developer's series B-plus round, which will support research and development activities.

A Hanwha subsidiary will take an 8.8% stake in the UK-based satellite connectivity provider OneWeb, helping it increase its funding to $2.7bn since it has resurrected from bankruptcy.

Micromax is set to sell part of its 7.6% stake in the online travel booking service, which also counts Info Edge and Fosun Kinzon Capital as investors.

The Dongfeng, Suning and Xiaomi-backed IoV technology developer secured cash in a round led by FAW Group and backed by investors including Changchun Fawsn and Shanghai Tunnel.

SoftBank Ventures Asia led ERP software provider Mabang's $46.3m series B round while Mainport Innovation Fund exited electrification technology developer ViriCiti.