Transport

The autonomous transportation developer hopes to introduce self-driving shuttle buses to Detroit by the middle of 2018.

Element Fleet Management has invested $5.7m for a 12.5% stake in car rental service Splend together with $173m in debt financing.

As China-based ride-hailing service Didi Chuxing's acqures a majority of Brazil-based peer 99, below is a version of a speech presented in a keynote at the Corporate Venture in Brasil conference in October 2017.

The on-demand ride provider reportedly now owns a 90% share of its Brazilian counterpart, whose investors also included Qualcomm and SoftBank.

Purdue University-linked companies operating the in renewable energy, sustainable transport and oncology sectors are among those to have secured $20,000 in initial funding.

SoftBank itself will come out with a 15% stake in Uber as part of a primary and secondary deal that looks set to top $8bn.

Leta Capital has exited connected car platform developer Bright Box, three years after it invested $1.5m in the company.

Tencent and China Minmetals have contributed to a round for smart EV developer WM, which already counted Baidu and SIG as investors.

The bicycle rental service has raised $153m from investors including Fosun, adding to the $350m WM Motor-backed tranche it closed three weeks ago.