Transport

Several China-based corporate venture investors backed a large round valuing lithium-ion battery Shanghai Shanshan material producer at $1.5bn. The deal highlights the importance of battery technologies not only for the emerging kind of mobility applications but for the process of energy transition as a whole.

Fresh funding for the EV battery company comes as Chinese automotive players are ramping up mobility investment efforts.

Adevinta Ventures and Uniqa Ventures were among the investors in the second-hand car trading platform’s latest round, which included debt supplied by unnamed institutions.

Migdal and Menora Mivtachim helped renewable energy infrastructure developer Fu-Gen with fresh funding which will help expand its operations in the UK and Finland. This is a deal from the renewable energy space, which continues to see much momentum in the context of energy transition.

Content personalisation technology provider Movable Ink and carbon-negative concrete developer Brimstone each raised $55m, with Intel and Amazon respectively among the investors.

Intelligent road technology developer Cavnue raised the cash in a series A round co-led by Ford Motor Company while two other strategic partners, Globalvia and Landstar, also invested.

Call centre software producer Replicant closed a $78m series B round backed by Salesforce Ventures while Ashvattha Therapeutics raised $69m from investors including strategic partner Huadong Medicine.

GAC has returned to lead the Tencent and Guangzhou Public Transport-backed automated taxi developer’s latest round, which included WeRide and Pony.ai.

Sector report: energy Q1 2022

Swiggy helped boost Rapido's valuation to $800m in a round that featured Shell Ventures and TVS Motor. This is a deal of a rather surprising size and valuation in a space that has not been as hot over the past years, as far as corporate-backed deals are concerned.

Monthly data: March 2022