Transport

Cars24 motors to $200m series E
KCK Global-backed automotive e-commerce marketplace Cars24 has secured a unicorn valuation in a round led by DST Global.
Corporate venturing deal net: 16-20 November 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Arrival plugs into reverse merger deal
Hyundai, Kia and UPS will retain stakes in the electric vehicle developer, which is merging with publicly-listed CIIG Merger Corp at a $5.4bn combined valuation.
Gojek sells Telkomsel on $150m investment
The mobile network operator has joined a pool of corporate investors in ride hailing service and strategic partner Gojek.
Corporate venturing deal net: 9-13 November 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Nuro lures Vision Fund to $500m series C
Delivery vehicle provider Nuro has almost doubled its valuation to $5bn in a series C round featuring returning investor SoftBank Vision Fund.
SoftBank reaches new Tier in $250m round
The scooter sharing platform developer has pulled in series C funding through a round led by SoftBank Vision Fund 2 that will support its entry into new markets.
Ather Energy activates series D round
Hero MotoCorp invested about $12m in a $35.1m round that took its stake in the smart electric scooter maker to nearly 38%.

Other News

Pony.ai makes leap to $267m series C
Newly minted strategic partner FAW Group was among the participants as the autonomous driving system developer pushed its valuation to $5.3bn.
Inceptio inserts CATL into $120m round
Founding investors G7, GLP and Nio Capital returned to reinvest in the autonomous trucking system developer, in a round led by battery maker CATL.
Onfleet onboards $14m series A
Dunnhumby Ventures-backed Onfleet has now raised $20m to date, after securing series A funding to grow its last-mile delivery business.
Corporate venturing deal net: 2-6 November 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Aeva activates reverse merger at $2.1bn valuation
The lidar chip developer will secure $120m in financing from investors including existing backer Porsche as it agrees to merge with InterPrivate Acquisition Corp.
Minieye detects series C funding
Founding investor and strategic partner NavInfo was among the investors in a $40.2m round that will support the automotive sensor producer's research and supply chain activities.

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, JD.com 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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