Transport

Sector focus: services

Rising Stars and Emerging Leaders announced, GCV Institute launched, discussions on everything from AI to hydrogen

Hyperconnect is being acquired for nearly $1.73bn by the Match Group, giving an exit to SoftBank, which was one of the early investors in the company.

The vehicle charging technology developer, which counts Sumitomo, LG Chem, Samsung, Bangchak and Lenovo as investors, has now raised $191m in total.

Penta Security's V2X security software spinoff received nearly $13m from investors including IBK, Kookmin Bank and Hyundai Venture Investment Corp.

Wanxiang International Investment co-led a round for the automated trucking system developer that included existing backer Full Truck Alliance.

Today's deal net contains news from PGDx, Notch Therapeutics, Quell Therapeutics, SpyBiotech, Vision Medicals, Future Meat Technologies, BusUp and Advanced Chemotherapy Technologies.

The chemicals and materials conglomerate’s regional vehicle will back IoT and automotive startups in China, having already committed to a local growth fund.

Total is set to score an exit from the fuel cell vehicle developer just four months on from its investment, through a reverse merger that will value Hyzon at $2.1bn once the deal closes.

The autonomous driving technology provider has added series C-plus funding to a $376m FAW-backed round in November valuing it above $5bn.

The share trading platform operator reportedly secured a combination of equity and debt funding to face obligations arising from the recent stock market frenzy.