Stanford-StartX Fund joined others including Total Energy Ventures, Samsung Next and RATP Dev to back public transit management software publisher Swiftly.

Stanford-StartX Fund-backed Firefly has raised $30m from investors including GV, with the capital earmarked for expansion in regional markets including New York City.

The university has signed up Grab Ventures Velocity, part of ride hailing service Grab, to its new UI Works startup accelerator.

CU Boulder battery tech spinout Solid Power and Ford will collaborate on delivering a solid-state cell for electric vehicles using the spinout's production facility.

FAW Group will reportedly provide $100m for TUS Holdings-backed Byton for a $500m round likely to value the electric SUV developer at more than $2.5bn.

Motus, which backs spinouts from a range of universities and research institutes, has secured cash from unnamed investors for its Smart World Innovation Fund.

Johns Hopkins University has invested in medical transport booking platform Roundtrip, a graduate of JHU-backed accelerator M-1 Ventures.

Sabic has equipped Mallinda with funding as the CU Boulder-founded thermoset resins provider gears up for the launch of its first commercial product.

University of Delaware-backed science incubator Delaware Innovation Space has started a VC vehicle called First Fund offering startups up to $75,000 in convertible notes.

Honda, Panasonic and Omron are among the limited partners of NordicNinja VC’s inaugural fund, which has identified several university ecosystems in northern Europe as offering opportunities.