Transport

Accelevate will seek to encourage digital healthcare innovation with a new team for venture capital and health market expertise.

Ctrip has joined Qualcomm as an investor in Yongche, which has now raised about $86m.

Michelin's stake in the fuel cell system developer, garnered for an undisclosed sum, is said to be "significant".

Energy-efficient engine developer Pinnacle has raised $30m in a series C round that takes its overall funding past the $30m mark.

The communications equipment maker will target the intelligent vehicles market through the Connected Car Fund, which will be managed by Nokia Growth Partners.

Aviso has launched with an $8m funding round supported by backers including Bloomberg Beta.

Vorstack Corp. have secured venture capital to progress automation and control for its cyber-security platform to allow early intervention of threats.

California-based Synack has raised series A capital from Google Ventures and aims to deliver an advanced new model for vulnerability and security testing of enterprise software.

Bangalore-based SeQuent Scientific has acquired a stake worth almost 16% in pharmaceutical ingredient developer Shasun Pharmaceuticals.

Alibaba's $1.5bn acquisition of digital navigation service AutoNavi shows that diversification is as important for China-based internet companies as their western counterparts.