Transport

GM's autonomous driving spinoff, Cruise Automation, has received $1.15bn from investors including SoftBank Vision Fund and Honda as well as its parent company.

FAW Group will reportedly provide $100m for Byton for a $500m round likely to value the electric SUV developer at more than $2.5bn.

All Gett’s existing investors, including Volkswagen and Access Industries, have participated in a $120m extension that brought its latest round to $200m.

Ola's electric vehicle-focused spinoff has added an undisclosed amount to the $56m in series A funding the company received in March.

FreightHub increased its overall funding to more than $53m with a series B round co-led by Maersk Growth that will fund the online freight platform's expansion in Asia.

The app-based electric bicycle rental service will use the proceeds from the round, which was led by Denso New Mobility Group, to expand in the US.

Meat substitute developer Beyond Meat, which has received backing from two corporate venturers, went public.

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

Toyota has doubled the amount of funding its innovative technologies investment subsidiary has under management, almost two years after it was launched.

The Mastercard and Keolis-backed transport ticketing software provider will use the capital to fuel an international growth drive.

Motus, which backs spinouts from a range of universities and research institutes, has secured cash from unnamed investors for its Smart World Innovation Fund.