Transport

Autonomous bus fleet operator May Mobility secured the return of Toyota AI Ventures and BMW i Ventures to bring its overall funding to $84m.

The DMGT-backed online used car retailer increased its overall funding to more than $100m in the space of a year, raising $32.2m as it officially launched its service.

SoftBank, Tencent, Didi Chuxing, Hyundai and Kia could be in line for exits as on-demand ride provider Ola starts setting the ground to go public.

Tengelmann Ventures and corporate JV Asia Pacific Internet Group have exited online automotive retail platform Carmudi's local spinoff in an acquisition by CarDekho.

The number of flotations of companies that have previously received corporate backing has been growing over the past years but by the end of 2019 they may register a slight slowdown.

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

Kyocera, JR West, Mitsubishi Electric, Mitsubishi Hitachi Power Systems, Mitsui Sumitomo Insurance, Opt, Saibu Gas and Trust Tech contributed to a $21.1m round for the drone and blockchain technology developer.

Alphabet and its Sidewalk Labs unit have each committed $10m to a smart city-focused venture fund on the proviso that Sidewalk's development on Toronto's waterfront is approved.

The Qualcomm-backed scooter rental service is now valued at more than $500m, as it moves toward a projected $200m close for its latest round.

University of Tokyo Edge Capital has led a series A round set to support on-demand bus transport company Swat's push into additional Asian markets.

On-demand bus transportation service Swat secured $10.1m in a round backed by public transit operators SMRT and ComfortDelGro that will fund geographical expansion and recruitment.