Transport

The Microsoft-backed driverless car training platform was valued at $1.25bn in a round co-led by VC firms Andreessen Horowitz, Lux Capital and General Catalyst.

Sungwoo Hitech and Kyocera returned to supply series B funding for AdaSky, a creator of thermal imaging technology for driver safety.

Alibaba´s financial subsidiary Ant has received approval from regulators which will allow a dual listing on the Shanghai and Hong Kong stock exchanges and enable it to raise up to $35bn at a reported valuation of $250bn.

Airtel led an eight-figure dollar round for the Chinese automotive supply chain platform that included investment firm Zhaohui Capital.

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

The Tencent and Didi-backed online automotive marketplace, which was valued at $1.7bn just two years ago, could sell its major assets for next to nothing.

Airbus Ventures participated in a series C round that boosted the car dealership software provider's total funding to $215m in four years.

TUM-affiliated UVC Partners has raised a third fund from limited partners including Lanxess to invest in industrial technologies, business-to-business software and mobility.

Tom Whitehouse, CEO at Leif Capital, moderated a discussion comparing cleantech investment with the first decade after the millennium.

Formed in the Big Bang, hydrogen is the most abundant element in the known universe and believed to comprise about 75% of matter. Hydrogen, therefore, is seen as one of the key elements in targeting net zero carbon emissions.

It is not an exaggeration to say that 2020 has been an eventful year for the oil and gas industry.