Transport

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.

China-based education services provider Beijing Logicreation Information & Technology, which counts internet company Tencent among its backers, filed for a RMB1.04bn ($152m) IPO on the Shenzhen Stock Exchange’s ChiNext board in September.

Prosus Ventures led a series B round for on-demand ride provider Bykea that lifted its overall funding to $22m.

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

Joyson Electronics has farmed out a stake in its smart driving subsidiary Joy Next to investors including Baofeng Energy and Ningbo Gaofa Automotive Control System.

Nanjing SemiDrive lured the return of Lenovo Capital in a round that will help enhance its semiconductors for autonomous and connected vehicles.