Transport

Atlantia, Continental, Intel Capital, Klocke, NTTVC and Tokyo Century were among the investors in a round that took the air taxi developer’s overall funding to near $390m.

Online car dealership service ACV Auctions has filed to go public having previously raised some $360m in funding from investors including SoftBank.

Reliance paid $26.8m to gain majority control of the passive magnetic levitation and propulsion technology developer and now owns 54.5% of its shares.

Xiangcheng Financial Holdings is among the backers for the first close of the Legend Holdings spinoff's sixth renminbi-denominated vehicle.

AI chip developer Horizon Robotics raised a round backed by several automotive manufacturers, taking its overall funding to $900m in the past two months.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Aviva, Flex, SAIC Motors, General Motors and Delta Electronics are all in line to exit the automotive sensor developer through the transaction.

Ringier Digital Ventures helped provide $16.6m for the car subscription service, which has now secured more than $83m in total.

Great Wall Motor's automotive battery technology spinoff has raised $541m in a round co-led by Bank of China Group Investment and CMG-SDIC Fund Management.

The Baidu, Geely and SIG-backed in-car technology developer hiked its valuation to $2bn in a series A-plus round led by China Venture Capital Fund.

The vehicle charging technology developer, a spinout from MIT, has secured a further $18m for a Mitsubishi-backed round.