Transport

The smart electric carmaker, which has raised a reported $2.5bn from investors including Alibaba, Foxconn, UCar and Xiaomi, has set a placeholder target of $100m.

The number of corporate-backed companies going public declined in 2019, despite some major IPOs like those of Uber, Lyft and Slack.

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

Osage University Partners has returned to bring the big urban transit data analytics company's funding total to more than $40m.

The Engie and Deutsche Telekom-backed transit data analytics provider took its overall funding past the $40m mark in its latest round.

The GM-backed transport data provider has added $13.1m in a round led by existing investor DIP Capital and backed by the UK’s Future Fund.

The electric vehicle producer is adding $300m to an initial $500m in series C-plus funding as the Alibaba, Foxconn, UCar and Xiaomi-backed company gears up for a US listing.

The SoftBank-backed automotive e-commerce company secured convertible note financing in a round co-led by Farallon Capital Management and Baupost Group.

The private equity firm will join investors in the on-demand ride service including SoftBank, Toyota, Hyundai, Kia, Qunar, Booking.com, Central Group, Yamaha, Microsoft, Didi and Ping An.

Over the past four quarters, almost one of every four corporate investors seems to be new, even in lockdown.

Hyundai has hired Henry Chung, previously of LG Electronics, to lead its Cradle Silicon Valley vehicle as senior vice-president.