Transport

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.

Automotive sales services provider Shift Technologies raised debt and equity financing in a round led by Lithia Motors and backed by BMW i Ventures.

The smart car joint venture between Alibaba and SAIC Motor, has closed its first funding round with the support of SAIC’s investment management arm Shangqi Capital.

Luxembourg car insurance telematics spinout Motion-S has secured the backing of automobile and cycle trade body Febiac as it prepares to expand into other mobility segments.

The Tencent, Baidu, Lenovo and JD.com-backed electric carmaker floated near the foot of its range at a reported $6.4bn valuation.