Transport

TU Munich's air taxi developer has added $35m from Bailie Gifford to a $240m first tranche led by Tencent in March, and is now valued above $1bn.

The air taxi developer added $35m from Baillie Gifford to a $240m first close led by Tencent in March, and is now valued above $1bn.

SoftBank led a $500m round for the driverless vehicle software spinoff of the ride hailing company Didi Chuxing.

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

Geely's new energy vehicle rental service has pulled in $96.7m in series A funding from investors including Ningbo Yincheng Group.

The automotive e-commerce platform, which counts AutoNation among its investors, is set to raise up to $319m when it floats, at a valuation exceeding $1.9bn.

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

SoftBank Vision Fund 2 has led a $500m funding round for the driverless vehicle software developer, which is based on work by Didi Chuxing going back to 2016.

Gene sequencing corporate spinoff MGI Tech closed a $1bn series B round backed by IDG Capital and CPE Capital. The company offers an array of products, some of which have been used for Covid-19 detection and forms part of the promising space of genetics tech.

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

The Arm-backed Hopu-Arm Innovation Fund led a series C1 round for the autonmous driving software developer, whose existing backers include Baidu Ventures.