Transport

Grab Ventures will invest in mobility, food, logistics, fintech startups and set up an accelerator, Grab Ventures Velocity, with applications closing on 10 September.

Uber has struck a strategic partnership on autonomous car research with Toyota, which featured a $500m investment from the auto manufacturer at a $72bn valuation.

Lyft has hired an initial public offering advisor with plans to list as early as March next year, in a bid to beat its rival Uber to the punch.

Lidar technology developer Blickfeld has secured a $5.7m extension from investors including Unternehmertum Venture Capital Partners to bring its seed round to $10m.

CHJ Automotive-backed Yihang.ai has collected $32m in series B funding led by CICC Jiacheng Investment as it moves towards the launch of its first production model next year.

Lidar technology developer Blickfeld has secured a $5.7m extension from investors including Unternehmertum Venture Capital Partners to bring its seed round to $10m.

Tencent-backed smart vehicle developer Nio has set its pricing range at $6.25 to $8.25 and stands to raise $1.32bn if it floats at the top of its range.

Shansong Express has added $60m to its coffers following a series D1 round that featured return investors Hearst and SIG.

Uber has raised $500m from strategic partner Toyota at a $72bn valuation as the companies prepare to collaborate on driverless car technology.

The corporate-backed transport booking and payment service has raised $10.4m in a round that took its total funding to almost $30m.