Transport

Car sharing platform Togo increased its total funding to $72m in an SIG-backed series B2 round that followed a $26m round in January.

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

SoftBank is reportedly close to providing half of a $1bn round the on-demand ride platform is lining up, though it is unclear whether its other corporate backers will reinvest.

Reliance Industries returned to invest $8m in an M12-led round that took Netradyne's funding to $37m in just over two years.

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

Russia-based air carrier S7 Airlines is lining up a $50m fund having already tested the waters with $10m of corporate venturing investments.

Axa XL has contributed to an $18.5m round for autonomous vehicle technology developer Oxbotica that was led by IP Group.

BMW and Baidu are among the investors in sensor technology developer Lunewave's seed round, which will go towards building autonomous vehicle sensors based on the Luneburg principle.

Heycar, the online automotive marketplace set up by Volkswagen, has raised an undisclosed amount of equity funding from Daimler, in return for a 20% stake.

Naspers and Temasek are discussing an investment of $1bn in Ola that would value the ride-sharing firm at $7bn to $8bn.