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

Alibaba, Chongqing Changan Automobile, Dongfeng Motor, FAW, Suning and Tencent have joined forces to form a $1.46bn vehicle that will invest in the on-demand ride space.

Hyundai and Kia Motors have committed a combined $300m in funding to Ola as part of a strategic partnership that will drive an expansion of the latter’s electric vehicle fleet.

SoftBank Ventures Asia was among the returning investors that helped add $30m to a $60m first tranche that included Singtel Innov8.

Lyft has set the range for an IPO that would allow Alphabet, Rakuten, GM, Jaguar Land Rover, Alibaba, Didi Chuxing, Magna and Icahn Enterprises to exit, valuing it at up to $22.9bn.

Media group Vice, backed by various corporates, is looking to raise a $200m in equity and debt financing, after laying off 10% of its employees

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

The on-demand ride service is looking to file for what will potentially be one of the largest IPOs of all time next month, with a host of corporates set to score exits.

A consortium featuring SoftBank Vision Fund and Toyota is reportedly set to invest in the unit at a valuation of up to $10bn as Uber prepares for its IPO.

Four months after completing its $20m series B round, the Yamaha, SMC and Crowdworks-backed car rental platform is seeking $100m in fresh funding at a $400m valuation.

Lear Innovation Ventures, a subsidiary of Lear Corporation, has backed the mobility-focused VC firm's latest fund, joining Alliance Ventures as a limited partner.