Transport

Winner of the CVC Investment in a Spinout of the Year: Ribon Therapeutics - Novartis Venture Fund, Johnson & Johnson Innovation–JJDC, Takeda Ventures, Celgene

Bird has acquired Mahindra-backed electric scooter rental service Scoot, reportedly for about $25m in cash and stock.

Canada Pension Plan Investment Board is in the process of acquiring an 8% stake in SoftBank, BCC and Fosun-backed Delhivery through a secondary transaction that will value the delivery services provider at almost $1.9bn.

The telecoms firm SoftBank has backed a substantial $300m round of gym membership provider Gympass, which is part of the beauty and fitness space, which has seen stable corporate-backed deal flow with rising valuations in recent years.

CMU's Edge Case Research has raised capital from Ansys, Lockheed Martin and Liberty Mutual to use AI for solving complex safety issues in autonomous technologies.

Sense Photonics will use the proceeds from the round, which includes Samsung Ventures and Shell Ventures, to bring its lidar system to market.

Lidar technology developer Sense Photonics has emerged from stealth with $26m in series A funding from investors co-led by the UC-backed Congruent Ventures.

Lidar technology producer Innoviz has closed its series C round at $170m, two and a half months after raising an initial $132m tranche featuring Harel Insurance and Phoenix Insurance.

Itochu was among the investors in a series B round that electric vehicle rental service Dishangtie closed at $100m earlier this year.

Stanford-StartX Fund joined others including Total Energy Ventures, Samsung Next and RATP Dev to back public transit management software publisher Swiftly.

Apple is rumoured to be preparing to move in for self-driving vehicle software developer Drive.ai, opening a potential exit for ride hailing service Grab.