Transport

Electric vehicle rental startup Ponycar has followed a $7m Zhongzhiyuan Group-backed round in January with a $22m round co-led by smartphone maker Oppo.

Chauffeured lift service UCar has formed a $1.47bn investment subsidiary and its first move has been to lead a series B round for electric car developer Xiaopeng Motors.

Techstars has secured Jaguar Land Rover unit InMotion Ventures as a corporate partner for its Techstars Mobility initiative, and the firm is interested in funding graduates.

The automotive producer has combined with its InMotion Ventures subsidiary to make a $25m strategic investment in ride hailing company Lyft.

The carmaker has spread an eight-figure sum across Israel-based venture capital funds run by Magma Venture Partners and Grove Ventures.

Yibuyongche has raised $19m in series A funding which will support its expansion within China and the deployment of 100,000 electric vehicles over the next three years.

An unnamed Chinese e-commerce company, reportedly Alibaba or JD.com, has taken part in a series A round for autonomous driving technology developer AI-Drive.

Shansong Express, which closed a $50m series C round in February, has raised a $50m series C+ round co-led by Hualian, while Hearst Communications also participated.

SF Holding and UPS Parcel Delivery Service have agreed to set up a joint venture called Global Connect Holding and supported with $10m in capital.