The carmaker, already a shareholder in Uber and Grab, is considering an investment of about $550m in the Chinese ride hailing app developer.
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Jaguar Land Rover has exited mobility rewards app developer Validated in an acquisition of undisclosed size by Moovel.
Four innovative companies were introduced by their corporate backers to detail how they are looking to impact the transport and mobility sectors.
Schulte Group has initiated corporate venturing activities through a new unit, Innoport, which will invest in startups developing technologies to transform the maritime transport industry.
Ride hailing services company Uber, backed by many corporate investors, held its long-awaited $8.1bn IPO, which was the world's largest since 2014, though many consider it a disappointment