Transport

A host of corporate and government-backed initiatives have been launched to tackle the coronavirus that develops into the Covid-19 disease. In a global, fast-moving pandemic, this can only be a snapshot of the efforts at the end of March 2020.

LGT Lightstone has led an $80m series E round for online logistics marketplace CargoX, adding to $96m in earlier capital from investors including Qualcomm and Ability Logistics.

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

Ford Motor and KT both contributed to a series A round that increased the total raised by the driver assistance technology developer to $27m.

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

Delivery services provider Yamato has partnered venture firm Global Brain to launch a $46.4m fund that will target logistics technology developers.

A stake of up to $100m in Gojek has reportedly been offered to secondary market buyers while a corporate is also looking to sell stock in fellow ride hailing platform Didi Chuxing.

Transportation services provider Via raised the money as part of a series E round also featuring Shell, Hearst Ventures and Mori Building valuing it at $2.25bn.

Amid a nearly global lockdown and much apprehension around the Covid-19 pandemic, we reported two interesting deals in the mobility space last month.

The Alphabet and Uber-backed e-scooter rental service is reportedly in talks to raise money at a $400m valuation, down from $2.4bn in early 2019.