Transport

The Simon Property-backed e-scooter rental platform is now valued at $2.75bn following a series D round co-led by Sequoia Capital and CDPQ.

The mobility platform developer secured $24.9m in pre-series A funding, Kia Motors investing half while SK Group, LG and CJ Group supplied the rest.

Siemens Next47 is scoring an exit as Tesla acquires computer vision technology developer Deepscale for an undisclosed amount.

With news that We Co has withdrawn its IPO filing, we take a look at what the move could mean for corporate venturing going forward.

The ride hailing service provider has formed Uber Incubator alongside an entrepreneur-in-residence program to facilitate internal and external innovation.

Strive, Yahoo Japan and Itochu are among the backers of the flying car developer’s $13.9m round, which took the company’s total funding to about $18m.

Its technology sector is the bedrock but the innovation boost the country needs is beginning to happen.

The employee transportation manager has raised $10.2m from Colosseum Group and plans to extend its service from three cities to five.

A snapshot of the corporate-backed venturing activity in Asia-Pacific show it is the second most active region in terms of corporate-backed venture deals and exit count.

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

Legend Capital returned to lead a series A-plus round that increased automotive parts supplier Mancando's overall funding to almost $60m.