Transport

Volvo Cars Tech Fund will support developers of technology such as AI, electric vehicles and charging, autonomous driving and digital mobility.

Humax's chief strategy officer, Albert Son, has been appointed CEO of trucking telematics technology provider FleetUp alongside the $20m investment.

Smart vehicle producer Nio, previously backed by Tencent, Baidu, JD.com and Lenovo, has announced its intensions to go public and raise between $1bn and $2bn.

BMW i Ventures and Toyota AI Ventures co-led an $11.5m seed round for the microtransit service provider, which has now raised $15m in total.

Online automotive retail and services platform Chehaoduo has raised more than $1.7bn in total, after Tencent led its series C round.

The smart vehicle developer, backed by Tencent, Baidu, JD.com and Lenovo, has hired banks for an IPO expected to raise between $1bn and $2bn.

The Netherlands-based parking spot finder has closed a $6.1m round led by Statkraft Ventures that will fund hiring and a UK expansion.

Kakao's ride hailing spinoff, which is also backed by Orix, has raised almost $47m from Hong Kong Monetary Authority and two US pension funds.

On-demand vehicle leasing startup Honcker has raised $23m in series A funding from IAC that will support hiring and geographic expansion.

Robert Bosch has paid an undisclosed amount for the carpooling platform, giving InMotion Ventures its first exit.