Transport

ByteDance has been revealed to be an investor in the Lenovo-backed autonomous driving technology developer.

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

GLP has returned to participate in a series D round for the e-commerce delivery platform developer to bring its total financing above $240m.

Sumitomo Corporation of Americas and Ingka Investments helped the on-demand commercial vehicle provider close its series A round.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

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.