Transport

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.

The Nio Capital and SB Energy-backed EV battery exchange platform’s latest round was co-led by Sinopec Capital’s Enze Fund and brought its valuation to over $1bn.

Volvo Cars and Geely's electric car spinoff is set to secure a Nasdaq Capital Market listing by joining forces with Gores Guggenheim.

Monthly data: July-August 2021

Comment by James Mawson, editor-in-chief, Global Corporate Venturing, Stefan Gabriel, CEO, Hitachi Ventures, Kenichi Funaki, deputy general manager for the corporate venturing office, Hitachi