Transport

Feature: Spacs have emerged as attractive way to score exits but investors recognise the use and abuse of this tool

Alphabet-backed CRM software provider Freshworks went public, boasting a market cap of $13.5bn.

Xiaomi has led two rounds for the autonomous driving technology developer including a series C, the latter deal valuing it at almost $2bn.

UOB Venture Management led a $30m round for social commerce platform developer Evermos while Advanced Farm Technologies and Nex each bagged $25m.

Exor Seeds and Tencent participated in an equity and debt round for the used car marketplace operator that was co-led by SoftBank Vision Fund 2, valuing it at $1.84bn.

Foxconn and GoTo Group are contributing to a $250m PIPE deal for the Engie, Panasonic and Sumitomo-backed electric scooter system provider’s reverse takeover.

Sime Darby has taken part in the latest round for the ride sharing platform developer’s Malaysian subsidiary, helping to lift its total funding to $73m.

Alibaba and Ping An-backed Prenetics is set to complete a reverse merger at a $1.25bn valuation. Exits from the broader genetics and gene therapeutics space appear to be in the middle of a valuation spike, according to our data.

Alibaba joined new and returning investors to back the aftermarket vehicle services provider, reportedly lifting its valuation to roughly $1.5bn.

Alibaba and Fosun were among the investors that helped the autonomous driving technology provider close a $300m round.

UPS is buying delivery service Roadie having helped it raise $62m while heart disease treatment developer Nectero Medical secured $19.5m in a Boston Scientific-led round.