Transport

The round would value Lyft at $6bn to $7bn, and come just over a year after General Motors led a $1bn investment before making a bid to acquire the ride sharing app developer.

The self-driving technology developer has added $14m to its coffers in a round co-led by Legend Capital.

PSA Group and Maif have supported an investment in TravelCar, which is set to expand into the US in April.

SoftBank has contributed to another funding round for Ola, which has seen its valuation drop by 30% from $5bn to $3.5bn.

On-demand car rental service Skurt has raised $10m in series A funding from investors including BMW as it prepares to expand in the US.

The car sharing platform has raised fresh capital from shareholders including Hearst Media and China Pacific Insurance, bringing its total haul to $130m to date.

The bike sharing company has taken its 2017 funding to $300m, adding cash from Temasek and Hillhouse Capital to the $215m it raised from investors including Tencent last month.

The carmaker, an early partner of AutoGravity, has invested an eight-figure sum as the vehicle and finance marketplace rolls out its service across the US.

Softbank could be seen as building a capability to understand and see full public and private dealflow and have the financial tools to utilise insights gathered from trends identified in its operational businesses, such as the customers of its Sprint or Arm businesses.

The used car marketplace, which had been backed by automaker SAIC Motor at a $500m valuation, is set to wind down and sell off its assets.