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Transport
Ofo gets $2bn acquisition offer
Ofo investors Didi Chuxing and Ant Financial are exploring the possibility of a joint acquisition of the bicycle rental platform.
Aug 3, 2018Xiaopeng Motors charges to $585m
Alibaba, Fosun, UCar and Foxconn-backed electric car developer Xiaopeng secured $585m in series B-plus funding at a $3.7bn valuation.
Aug 2, 2018Grab ramps up latest round to $2bn
A $1bn investment by Toyota was matched by backers including Ping An and Naver, valuing the on-demand ride service at $11bn post-money.
Aug 2, 2018Ather to accelerate with more Hero investment
Existing investor Hero MotorCorp has agreed to supply $18.9m of convertible debenture financing for electric scooter developer Ather Energy.
Aug 1, 2018Analysis: Glovo picks up $134m
Last-mile delivery company Glovo raised $134m in a round backed by online retailer Rakuten and restaurant operator AmRest. The latter contributed $29m of the total funding.
Aug 1, 2018Didi Chuxing considers cut-price Ofo acquisition
Bicycle rental platform Ofo is mulling a $1.5bn acquisition by Didi Chuxing, one of the backers that have invested $2.2bn in the company.
Jul 31, 2018Cango hangs $44m up from IPO
The Didi Chuxing, Tencent and Taikang Life-backed automotive sales services provider had originally targeted $300m and then $150m.
Jul 30, 2018BP pumps $10m into Nio Capital
Corporate venturing fund Nio Capital has received a $10m commitment from BP following a partnership agreement in May.
Jul 27, 2018Mesh Korea nets Hyundai as an investor
Hyundai has invested $20m in last-mile delivery service Mesh and an undisclosed sum in electric scooter developer Immotor.
Jul 27, 2018Volta plugs in to corporates for $35m
Invenergy Future Fund led the EV charging network's series C round, which included GE Ventures and Orsted Venture.
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