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WM Motor wins over investors for $1.47bn series D
Baidu, Tencent and China Minmetals-backed electric vehicle producer WM Motor has raised $1.47bn in a series D round to support R&D, marketing and sales activities.
SAIC Motor sends funding to WM Motor
The electric vehicle producer received $73.1m from SAIC's parent company as it reportedly mulls an initial public offering that could value it at $4.3bn.
EODev generates first funding round
Accor Group, Groupe Monnoyeur and Thélem Assurances have all backed marine hydrogen generator and fuel business EODev, an offshoot of Energy Observer.
Analysis: The big “whale” continues to swim in 2020
SoftBank emerged in the news last week with its sizeable bets in the equity derivative markets in the US. Despite some recent challenges, the telecoms conglomerate has been very active in large venturing deals this year as well.
Corporate venturing deal net: 7-11 September 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Toyota tots up $800m for growth fund
The autotmotive manufacturer is pumping $800m into a growth-stage investment vehicle called Woven Capital that will begin operations early next year.
Omnitracs to take SmartDrive in $450m deal
Wabco and Michelin North America are set to exit video telematics system developer SmartDrive, which has agreed to be purchased after raising at least $265m.
AppyWay to kick off series B round
The parking monitoring platform developer is seeking $21.8m in the round having previously raised money from investors including Aviva, Reply, Hyundai, Microsoft and Sumitomo.

Other News

BacklotCars parks in KAR in $425m acquisition
KAR Auction Services has agreed to pay $425m to buy the online used vehicle marketplace, which had raised about $50m from investors including Renren.
Die Mobiliar subscribes to Carvolution
The corporate returned to provide $55.1m for Carvolution having previously invested in the flexible car rental service in November.
Corporate venturing deal net: 31 August-4 September 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Starburst starts up Singapore accelerator
Singapore Airlines, SATS and Panasonic Avionics Corporation are partners for the airport and aviation-themed Aviation Tech Accelerator Program.
SkyDrive shifts gears to series B
The Toyota and Yahoo Japan-backed drone developer has secured $36.7m from investors including Eneos, Gree, Itochu, NEC, Obayashi and VeriServe.
Freebird lands at Capital One
American Express Ventures and Citi Ventures have exited flight insurance software developer Freebird in an acquisition by Capital One.

Editor's Picks

Xpeng extracts $1.5bn from initial public offering
The Alibaba, Xiaomi, Foxconn, UCar and Duowan-backed smart electric carmaker has floated in the US through an offering valuing it in excess of $21bn.
Exor mobilises $200m for Via Transportation
Transportation services provider Via raised the money as part of a series E round also featuring Shell, Hearst Ventures and Mori Building valuing it at $2.25bn.
Gojek carts away $1.2bn
Unnamed investors have added $1.2bn to a round already featuring AIA, Mitsubishi, Visa, SCB, Astra International, Tencent, and Google that reportedly now totals near $3bn.
Waymo gets off the mark with $2.25bn
Autonomous car developer Waymo has snatched up its first external funding, with parent company Alphabet, Magna International and AutoNation all investing.
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