Transport

PSA International has established an incubator and corporate venturing subsidiary called PSA Unboxed with an initial $15m in funding.

GE and SNCF have participated in a series B round for vacuum tube-based transportation system developer Hyperloop One, previously known as Hyperloop Technologies.

Flight and train ticket booking platform Huoli Tianhui is now valued at $332m after closing a round co-led by an HNA Group subsidiary, and is planning a China IPO.

Carmaker Ford's $182m contribution to the $253m series C round closed by software development company Pivotal last week may augur a new interest in connected car technology startups.

The on-demand urban transit system has closed $70m in a Hearst-backed series C round, and plans to raise a further $30m before it closes.

Leo Group has committed $54m to a funding round for electric vehicle producer Chehejia in return for an 11.75% stake in the company.

Nokia co-led the car rental marketplace's series C round, which also included Mobivia Group's corporate venturing unit, Via-ID.

The Japan-based e-commerce group's investment in ride hailing platform Cabify illustrates how e-commerce businesses cannot afford to be pure play anymore.

The online payment company invested $5m to lead a $10m round for the auto rickshaw hailing platform, after participating in its series A round last year.