Transport

Electric aircraft developer Heart Aerospace raised $35m from investors including Mesa Air and United, while several corporates are set to exit remote access software developer Openpath.

Lilith Games helped artificial intelligence software developer Inspir.ai secure $46.3m while Microsoft AI spinoff Xiaoice closed its series A round at a billion-dollar valuation.

GII led a series B round for the Hero MotoCorp electric motorcycle spinoff, the proceeds of which will go to manufacturing, R&D and market expansion.

Kaiser Permanente and Kaiser Foundation are among the investors that backed the online-to-offline used car dealership’s latest round, which came three months after its series C.

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.

Temasek and Warburg Pincus have bought shares in the corporate-backed on-demand ride provider from Tiger Global Management and Matrix Partners India.

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

Drug discovery technology developer Standigm added $10m to the cash it raised from SK Chemicals last week while Six FinTech Ventures helped fintech software provider Toqio secure $9.4m.

Q&A with Oliver Finch, investor, Maersk Growth

A Dongfeng Motor-backed vehicle has contributed to a round for the provider of autonomous driving technology developer led by China Internet Investment Fund.