Transport

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Delivery vehicle provider Nuro has almost doubled its valuation to $5bn in a series C round featuring returning investor SoftBank Vision Fund.

The scooter sharing platform developer has pulled in series C funding through a round led by SoftBank Vision Fund 2 that will support its entry into new markets.

Hero MotoCorp invested about $12m in a $35.1m round that took its stake in the smart electric scooter maker to nearly 38%.

Newly minted strategic partner FAW Group was among the participants as the autonomous driving system developer pushed its valuation to $5.3bn.

Founding investors G7, GLP and Nio Capital returned to reinvest in the autonomous trucking system developer, in a round led by battery maker CATL.

Dunnhumby Ventures-backed Onfleet has now raised $20m to date, after securing series A funding to grow its last-mile delivery business.

China-based financial services provider Ant Group, spun off by e-commerce group Alibaba, intended to float on the Shanghai and Hong Kong stock markets.

Ant Group, the financial services subsidiary of China-based e-commerce group Alibaba, was due to raise a targeted $37bn in a dual listing in Shanghai and Hong Kong but the mega-initial public offering was unexpectedly blocked by an intervention from financial regulators in Beijing at the eleventh hour.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

The lidar chip developer will secure $120m in financing from investors including existing backer Porsche as it agrees to merge with InterPrivate Acquisition Corp.