Transport

As the month of August draws to a close, last week we reported several initial public offerings (IPOs) which are lined up for the coming weeks along with some notable ones that have already taken place.

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

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

The Alibaba, Xiaomi, Foxconn, UCar and Duowan-backed smart electric carmaker has floated in the US through an offering valuing it in excess of $21bn.

GMAg provided $15m in convertible note financing that will be put towards the Winnebago-backed electrification equipment maker's ongoing series C round.

Volvo Cars, Corning and Cornes-backed lidar technology developer Luminar is merging with a special purpose acquisition vehicle to form a company with an expected $3.4bn valuation.

US-based business finance provider Kabbage, which has a host of corporates as backers, will be acquired by payment processing firm American Express.

Proeza Ventures, took part in the first disclosed round for the electric truckmaker, a strategic partner and subsdiary of fellow Proeza subsidiary Metalsa.

The electric powertrain and power module producer raised $21.8m in a Legend Capital-led round that also featured Lenovo Capital.

Amid the covid-19 pandemic, interest in life sciences is now perhaps at its highest. This is true in corporate venture capital and three of the multimillion-dollar stories we reported in mid-August corroborate this.

Mitsubishi, MS&AD and existing investor SoftBank Ventures Asia took part in a round that followed the car trading platform's $90m series B last year.