Transport

Sector report: Services

DB Schenker, the logistics arm of Deutsche Bahn, has invested $21.7m in Volocopter, an air taxi developer already backed by corporates Daimler, Geely Holding and Intel.

The Global Corporate Venturing and Innovation Summit 2020 in Monterey, California, brought together more than 800 corporate venturing leaders from corporations representing about $10 trillion in annual revenues.

Indoor positioning technology producer Devawave was acquired by Qorvo reportedly for $400m, giving an exit to LG and ST Electronics

Legal & General increased its stake in the charging infrastructure operator to 23% while EDF purchased a majority share in a $130m deal.

Grab's electric scooter rental service has picked up a series A investment from motorcycle producer and new strategic partner Kymco.

State Farm Ventures backed a round that will help HopSkipDrive expand across the US and add safety features to its children's ride-sharing service.

Wipro Ventures was given an exit from email security software developer Emailage, which was acquired by LexisNexis Risk Solutions. The sizeable exit is part of the wider cybersecurity space, which has received much attention by corporates over the past decade.

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

Investors including MVP and Allen & Company added $30m to the $250m in series E funding provided by IAC seven months ago.

The investment enabled Koito Manufacturing to lead a series C round of undisclosed size for lidar system developer Cepton, which has now secured nearly $100m in total.