Transport

Essel Group has invested $43.7m in ZipGo through its Essel Green Mobility subsidiary that will fund the expansion of its bus service.

The smart electric vehicle producer, whose largest investor is Tencent, was valued at $5bn as of late last year and has filed to go public in the US.

Last week, Global Corporate Venturing reported several interesting and sizeable transactions in the e-commerce space from around the globe.

Large rounds tend to be raised by companies based in the US and China, more so than other parts of the world. China-based businesses also tend to raise much larger rounds.

Temasek has bought a sub-10% stake in Tencent, SoftBank and Didi Chuxing-backed ride hailing platform Ola in a secondary transaction.

The trucking services provider, which counts Alphabet, Tencent and SoftBank among its backers, is pursuing a $10bn valuation.

EV charging technology startup Ample has secured $31m in a Shell Ventures-led series A round that included Repsol Energy Ventures.

Siemens' Next47 led the ride hailing management platform's series B round, which included corporate venturing unit ST Engineering Ventures.

Rail data analytics technology developer Perpetuum has added Rail Supply Growth Fund to a group of shareholders that already includes IP Group and Parkwalk Advisors.