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 autotmotive manufacturer is pumping $800m into a growth-stage investment vehicle called Woven Capital that will begin operations early next year.

Wabco and Michelin North America are set to exit video telematics system developer SmartDrive, which has agreed to be purchased after raising at least $265m.

The parking monitoring platform developer is seeking $21.8m in the round having previously raised money from investors including Aviva, Reply, Hyundai, Microsoft and Sumitomo.

KAR Auction Services has agreed to pay $425m to buy the online used vehicle marketplace, which had raised about $50m from investors including Renren.

Special report: pandemic has boosted venture dollars across health AI

The corporate returned to provide $55.1m for Carvolution having previously invested in the flexible car rental service in November.

After the announcement of Warren Buffett’s bet on Japan’s largest trading houses, we take a brief look at how they have been doing on the corporate venturing arena.

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

Stanford spinout QuantumScape is set to merge with NYSE-listed Kensington Capital Acquisition in a $700m deal that will value the combined company at $3.3bn.

Singapore Airlines, SATS and Panasonic Avionics Corporation are partners for the airport and aviation-themed Aviation Tech Accelerator Program.