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Transport
Heetch picks up funding
The ride hailing platform aims to relaunch as a chauffeur service with $11.8m in funding, following a ruling in April that declared the company an illegal taxi service.
Oct 5, 2017Uber approves billion-dollar SoftBank investment
The ride hailing service's board of directors has given the go-ahead to a SoftBank investment sized between $1bn and $1.25bn at a $69bn valuation.
Oct 4, 2017O Luxe takes GLM for a $114.7m spin
The Kyoto University spinout has been valued at $114.7m in a cash-and-shares deal that gives University of Tokyo Edge Capital a partial exit.
Oct 4, 2017Drive.ai gets a Grab in $15m round
Grab joined undisclosed others to invest $15m in Drive.ai, a developer of AI software for driverless cars, bringing its total funding up to $77m.
Oct 3, 2017Ola gets nearer to $2bn series G close
SoftBank is reportedly set to add funding to a round that will include a $400m investment by Tencent that has already been agreed.
Oct 3, 2017Daimler picks up Flinc
Deutsche Bahn and General Motors were among the existing investors as Daimler paid an undisclosed amount to acquire ride sharing platform Flinc.
Oct 2, 2017Grab hitches a ride on oBike
On-demand ride service Grab has been revealed to have been a contributor to the $45m in series B funding bicycle rental network oBike raised in August.
Oct 2, 2017Analysis: Alibaba expedites almost $800m to Cainiao
China-based e-commerce firm Alibaba is set to invest $798m in logistics platform Cainiao, taking its stake from 47% to 51%
Sep 29, 2017Jingchi cruises to $52m pre-series A
Nvidia GPU Ventures is part of a consortium that has provided $52m in pre-series A funding for Jingchi, a developer of self-driving car technology.
Sep 28, 2017Rimac takes a $35m ride on Camel
Battery producer Camel Group has supplied $35.3m in funding for electric vehicle technology developer Rimac Automobili, which also counts China Dynamics as a backer.
Sep 26, 2017Renrenche hails Didi Chuxing for $200m
Didi Chuxing has provided $200m of funding for the automotive e-commerce platform and will begin offering the company's services through its app.
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