Transport

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

The electric bus manufacturer that counts several energy companies and carmakers as investors, has bagged $200m in a round led by Cowen Sustainable Advisors.

The electric bus and van developer has added cash from funds managed by BlackRock to money raised from Hyundai, Kia and UPS in January.

Car sharing platform developer Getaround has now raised nearly $600m altogether, SoftBank Vision Fund having returned for its series E funding.

Ride hailing service Dida Chuxing will reportedly target $500m in the offering, which would represent an exit for Nio Capital, BitAuto, JD.com and Ctrip,

Eli Lilly is to exit the genetic sequencing system provider Readcoor in a cash-and-share acquisition by 10x Genomics. This is one of the relatively few exits we have seen in this space over the past decade.

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

University of Wyoming-backed Momentus is set to merge with SPAC Stable Road Acquisition in a deal that values the space infrastructure company at $1.2bn.

Hyundai Mobis and carmakers General Motors and SAIC Motors will help the company develop its augmented reality head-up displays.

Porsche Ventures has exited fleet management technology provider Fleetonomy through a purchase by Via, hot off $200m in series E funding.

The second-hand vehicle marketplace achieved the valuation in a round co-led by SoftBank that pushed its overall funding to $400m.