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Analysis: Rivian drives a $2.65bn round
Before the commercial release of Rivians’ electric vehicles (EV) this year, Amazon has returned to back the company in a round valuing it at $27.6bn. The EV space is among the hottest in the automotive business and valuations have remained high despite the cyclical nature of demand for vehicles.
Jan 25, 2021MOL sails to first fund
MOL Plus will deploy nearly $40m on behalf of its Japan-headquartered parent company, MOL.
Jan 24, 2021CiDi collects $62m through two rounds
The Baidu and Legend Holdings-backed intelligent vehicle technology developer pulled in over $62m of funding last year across two rounds.
Jan 24, 2021Corporate venturing deal net: 18-22 January 2021
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Jan 22, 2021Rivian trucks in $2.65bn
Amazon returned for a round valuing the electric truck developer at $27.6bn as it prepares to release its first vehicles later this year.
Jan 20, 2021Business model shifts in electric vehicles to focus on batteries
It is expensive to build cars, especially electric ones with few signs they can be profitable outside selling carbon offset credits to polluters.
Jan 20, 2021Letter from the Global Energy Council chairwoman
Foreword by Lisa Lambert, chief technology and innovation officer, National Grid, founder and president, National Grid Partners
Jan 20, 2021Cruise takes in $2bn
Microsoft joined carmakers General Motors and Honda in a round that pushed the driverless car technology developer's valuation to $30bn.
Jan 19, 2021Nyle nabs new funding
DA Consortium, Gree Ventures, Hakuhodo DY Media Partners and SBI Group were among the backers in a $48.2m round for the marketing, media and ride hailing service operator.
Jan 19, 2021Didi Mobility Japan goes local with fresh funding
The mobility service provider will use the $50.1m cash it secured from SoftBank and Didi Chuxing to expand from Chinese tourists to local Japanese users.
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