Transport

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

GE Ventures has divested stakes in 16 companies including Carbon, Desktop Metal and Proterra to venture firm 40 North Ventures.

Line’s on-demand delivery service has attracted $110m from BRV Capital as it merged with restaurant listings website Wongnai Media.

Hefei Jianghang Aircraft Equipment has priced its shares at $1.48 each to raise $148m in an initial public offering that provided an exit to Aviation Industry Corporation.

Next47 and Lufthansa Cargo were among the investors as air freight booking service Cargo.one looks to pounce on favourable market conditions in the current economic climate.

The creative studio and 01Booster’s four-month joint venture will help grow the entrepreneurial ecosystem in the Japanese city of Fukushima and environs.

Ather Energy has added $11.2m from existing shareholder Hero MotoCorp to its series C round to bring its total to $62.2m.

The online home insurer raised a series E round backed by a host of corporate venture investors.

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

CMA CGM and Tamer Group participated in a round that will support the e-commerce delivery service’s expansion to Saudi Arabia.

Exor Seeds co-led a $26.7m round for Cowboy that will drive the electric bicycle maker's European expansion efforts.