Transport

Meituan's Longzhu Capital vehicle contributed to a round for the driverless vehicle technology developer that followed an investment by ByteDance five months ago.

National Grid Partners contributed to data protection software provider Baffle's series B round while Axa and Zendesk exited sales enablement platform developer Seismic.

Nio Capital returned for the lidar system developer's series B-plus round, which will support research and development activities.

A Hanwha subsidiary will take an 8.8% stake in the UK-based satellite connectivity provider OneWeb, helping it increase its funding to $2.7bn since it has resurrected from bankruptcy.

Micromax is set to sell part of its 7.6% stake in the online travel booking service, which also counts Info Edge and Fosun Kinzon Capital as investors.

The Dongfeng, Suning and Xiaomi-backed IoV technology developer secured cash in a round led by FAW Group and backed by investors including Changchun Fawsn and Shanghai Tunnel.

SoftBank Ventures Asia led ERP software provider Mabang's $46.3m series B round while Mainport Innovation Fund exited electrification technology developer ViriCiti.

IAC, Alphabet, General Motors, Sumitomo, SK Holdings, American Express, Daimler and Liberty Mutual are in line for exits from the car sharing service.

JD Logistics and Meituan co-led a round that will help Inceptio improve its autonomous driving system for heavy-duty trucks.

Koito Manufacturing has committed $50m to a PIPE deal supporting the lidar sensor provider’s reverse merger with Nasdaq-listed GCAC.

SoftBank’s Vision Fund returned to back the e-commerce business in a $1bn round. Our data suggest upward pressure on valuations in this space as well.