Transport

Bond trading platform developer Trumid raised its latest round, featuring Singapore Exchange, at a $2.4bn valuation. This is one of the latest examples of such multi-million dollar deals from the roaring fintech space.

Neusoft’s automotive software unit, which is co-owned by Alpine Electronics, will use the money to enhance its products, develop new offerings and increase its market share.

The corporate-backed automotive e-commerce portal raised series E funding which will be used to accelerate its growth, increase brand awareness and expand into new markets.

Ouster has bought the Congruent Ventures-backed lidar technology developer and will restructure the business as a wholly-owned subsidiary called Ouster Automotive.

Lithium mining process developer Lilac completed its series B round, which received backing from a several corporates. A sizeable round like this has been somewhat rare to see from the mining space, which has been so far somewhat neglected by corporates.

The student transport service secured backing from SoftBank Vision Fund 2 and BMW i Ventures as it looks to fuel its expansion.

Hyundai Motor Company backed car dealership software provider Tekion in a $250m series D round which gave it a valuation of $3.5bn.

Amazon, Ford, Cox Enterprises and Abdul Latif Jameel each own stakes in the electric vehicle maker sized at 5% or higher, as it targets a reported $80bn valuation in the offering.

Online reselling platform developer Meesho attracted corporate investors Facebook, SoftBank and Prosus Ventures for a multimillion-dollar round, valuing it at $4.9bn.

Electric vehicle producer Ola Electric has tripled its valuation to $3bn in just two years having secured its latest funding in a round co-led by SoftBank.

Healthcare services provider Wider Circle raised $38m in an AmeriHealth Caritas-led round while data management software producer Tonic.ai closed a $35m Bloomberg Beta-backed series B.