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Transport

Alibaba reportedly acquires $3bn of Ofo shares

Alibaba has bought $3bn of shares in Ofo from another existing backer, GSR Ventures, according to a relative of GSR's managing director.


Jan 15, 2018

Grab hits up Hyundai for funding

Hyundai has invested an undisclosed sum in Grab's $2.5bn series G round, which includes SoftBank, Didi Chuxing and Toyota, as part of a strategic partnership.

Jan 12, 2018

Investors swoop in to fund ACSL

Industrial and commercial drone developer Autonomous Control Systems Laboratory raised $18.8m in a round that featured University of Tokyo Edge Capital.

Jan 11, 2018

Zoomcar collects corporates for $50m round

The vehicle rental service has reportedly signed a term sheet for a round that will involve $30m from Mahindra & Mahindra and $20m from Ford.

Jan 10, 2018

Renault-Nissan-Mitsubishi unveils $1bn investment vehicle

The automotive alliance plans to supply $200m for startups and open innovation schemes out of Alliance Ventures in the next year.

Jan 10, 2018

AMI and Baidu board $200m mobility fund

The Apollo Southeast Asia fund will extend Baidu's $1.5bn Apollo Fund, formed to support its autonomous driving technology, to a new region.

Jan 9, 2018

FAW moves to invest in Mobike Chuxing

The carmaker has taken a 10% stake in Mobike Chuxing, a car sharing spinoff launched by Mobike with more than $300m last month.

Jan 8, 2018

Corporates drive AImotive's $38m series C round

The autonomous driving software developer, which also counts Nvidia as a backer, raised new funding from investors including Robert Bosch, Cisco and Samsung.

Jan 8, 2018

Renault-Nissan-Mitsubishi start up $200m fund

The strategic alliance will officially launch a $200m mobility-focused corporate venturing fund tomorrow at electronics trade show CES.

Jan 8, 2018

Big Deal: Didi Chuxing buys a 99

Didi Chuxing's reported $600m acquisition of a majority stake in its Brazilian counterpart indicates a new level to its expansion plans.

Jan 8, 2018
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