Transport

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.

SoftBank Vision Fund has contributed to an initial $800m tranche, with more than half of the round allocated to Oyo's expansion across China.

Autonomous vehicle software spinout Oxbotica has secured IP Group, Parkwalk Advisors and Axa XL as investors in its first publicly-disclosed funding round.

Mitsui Sumitomo Insurance and Digital Garage contributed to a round that took the mobility vehicle developer's total funding to $80m.

The electric bus producer added new strategic partner Daimler to its stable of corporate investors as it boosted its overall financing to $565m.

Tencent, SoftBank and Didi Chuxing-backed ride hailing platform Ola has now achieved a valuation of $4.3bn.

The Mitsui-backed luxury electric vehicle developer has agreed a $1bn funding injection from the Saudi Arabian Public Investment Fund.

A purchase of Careem, which is currently being touted at between $2bn and $2.5bn, would allow Didi Chuxing, Rakuten, Daimler, Saudi Telecom and Al Tayyar to exit.

Tencent came on board as a Tuhu investor and strategic partner in a series E round that followed a Baidu-backed round two years ago.