Transport

Sompo Japan Nipponkoa led the Utec-backed autonomous vehicle software developer's series A round, which included Yamaha Motor, Aisan Technology and existing investor KDDI.

Sompo Japan Nipponkoa led the autonomous vehicle software developer's series A round, which included Yamaha Motor, Aisan Technology and existing investor KDDI.

SoftBank has provided $250m of series B funding for EV infrastructure developer Ola Electric Mobility, reportedly pushing its valuation to $1bn.

Grab has so far raised $4.8bn series H round, after Invesco chipped in $300m in addition to the funding provided by corporate investors like SoftBank Vision Fund, Microsoft, Toyota, Ping An and others since June last year.

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

Bus ride sharing platform Bus.com has raised capital from existing investor BMW i Ventures in the round, which was led by Autotech Ventures and Cycle Capital Management.

Grab has pushed its series H round to $4.8bn after Invesco added $300m to cash provided by investors including SoftBank Vision Fund, Toyota, Microsoft and Ping An.

Ford and Baidu are in line for exits after 3D sensor technology developer Velodyne Lidar appointed banks to underwrite an IPO expected to value it at $1.8bn.

Fuel delivery service Booster has collected $56m in a series C round that included Enterprise Holdings and Total, taking its overall funding to more than $88m.

Grab-backed autonomous driving spinout Drive.ai has been swept up by Apple, which will look to reinforce its self-driving unit with the company's assets and employees.

Stanford-founded autonomous driving spinout Drive.ai has been swept up by Apple, which will look to reinforce its self-driving unit with the company's assets and employees.