Transport

The automotive e-commerce marketplace has raised $335m in a round led by Alibaba, which is now its largest external investor.

Continental is reportedly in advanced talks over a $400m acquisition of Magna and Allianz-backed in-car cybersecurity technology provider Argus.

Delphi Automotive agreed to purchase autonomous driving software developer Nutonomy, thus proving with an exit Samsung Ventures, one of its backer since seed stage.

This is a version of a presentation first shown at the Corporate Venture in Brasil conference, hosted by Apex-Brasil in partnership with Global Corporate Venturing earlier this month.

WM Motor-backed Hellobike is set to merge with Shanghai Stock Exchange-listed peer Youon Bike in an effort to better fight off competitors.

Deutz has paid an undisclosed amount to buy Robert Bosch and Brose-backed electric drive developer Torqeedo to support the launch of its E-Deutz division.

Delphi Automotive has agreed to buy autonomous driving software developer Nutonomy, giving an exit to Samsung Ventures, a backer since seed stage.

Delphi Automotive will pay $400m upfront for MIT spinout Nutonomy, with earn-outs of approximately $50m.

Xiaomi-backed personal electric vehicle manufacturer Ninebot has secured new funding from investors including China Mobile Innovation Industry Fund.

That these companies are still accessing the public markets indicates investors are taking a view that future probity will not necessary follow past behaviour.