Transport

Simon Ventures-backed electric scooter rental service Bird is getting a New York Stock Exchange listing through the merger with Switchback II Corporation.

The SAIC, Wanxiang, Full Truck Alliance and Quanta Computer-backed autonomous trucking technology developer will list on the Nasdaq Capital Market through the deal.

The LTL shipping network operator is reportedly targeting $500m in the listing, which would enable corporates Ping An and Yili to exit.

The autonomous driving technology developer is looking to ramp up production with capital from investors including Nio and Bertelsmann.

Legend Holdings' Legend Star unit led a round for optical chip producer Turing Quantum sized above $15m while several Japanese companies also raised money.

Existing investor Telkomsel provided the cash as on-demand ride provider Gojek prepares to seal a merger with e-commerce platform Tokopedia at an $18bn valuation.

Solid-state battery developer Solid Power secured a $130 series B round co-led by its potential customers from the automotive sector BMW and Ford Motor Company.

Hella and Susquehanna International Group both took part in a series B round that increased the radar technology developer's overall funding to $75m.

A decade or more after setting up the golden age of corporate venturing units were set up with a focus on life sciences and healthcare, such as US-listed conglomerate Alphabet’s GV (formerly known as Google Ventures) and US-listed drugs company Merck’s Global Health Innovation Fund (GHIF), and the returns have surpassed many expectations.

Ericsson and Maersk Growth were among the investors in the autonomous logistics vehicle developer's series B round.

SoftBank Vision Fund led a $75m round valuing OKR platform developer WorkBoard at $800m while therapist network provider Headway hit a $750m valuation.