Transport

Fosun and Champion Motors have taken part in a $17m round for electric mobility technology developer IRP Systems, which will use the money to meet demand for its product.

Intel Capital has invested at least $132m in 12 companies so far this year and is on its way to putting between $300m and $500m into startups by the end of 2020.

The e-bike producer raised $13.5m from investors including its production ally Sinbon Electronics to bring its overall funding haul to $21m.

Waymo has boosted its Alphabet, Magna International and AutoNation-backed funding round to $3bn following a $750m extension provided by new investors including Fidelity.

Hua Insurance is in line for a bigger exit as Qingdao Victall Railway oversubscribes its planned initial public offering to raise as much as $172m in proceeds.

Uber has led a $170m investment in StanfordStartX Fund-backed Lime that closed alongside Lime’s acquisition of Uber’s micromobility subsidiary Jump.

Alphabet has contributed to a $400m for Sidewalk Infrastructure Partners, a spinoff from the conglomerate’s smart cities technology subsidiary Sidewalk Labs.

Uber has led a $170m investment in Lime that also included GV and closed alongside Lime’s acquisition of Uber’s micromobility subsidiary Jump.

India-based challenger university Atria University has launched a VC fund contest for aspiring students aged from 16 to 18.

The SoftBank Vision Fund I, the $100bn investment vehicle of telecoms conglomerate SoftBank, and VC firm Sequoia Capital China have committed an additional $200m to China-based automotive e-commerce platform Chehaoduo, bringing its series D round to $1.7bn

Autotech Ventures has attracted more than $150m for its second fund from limited partners including Volvo, Lear, Bridgestone and Stoneridge as well as several other corporates.