Dealer Tech & Vehicle Commerce:
F&I platform AutoFi announced an $85 million financing from investors that included Santander Consumer USA, and joined by Crosslink Capital and Silicon Valley Bank parent company SVB Financial Group. (Link to article)2trde, a software solutions provider in helping dealers list cars, has secured a €7 million ($7.7 million U.S.) seed investment led by Adevinta Ventures, the investment arm of the marketplace giant. (Link to article)Wolters Kluwer has signed an agreement with The Reynolds and Reynolds Company to acquire International Document Services, Inc. (IDS), for an estimated $70 million in cash—where IDS will become an essential component of GRC’s Compliance Solutions business. (Link to article)
Shared Mobility & Subscription:
Fetch, a company that makes the process of finding a truck (or van) nearby easy, reserve it through the app, walk up and unlock it from your phone, announced that it has raised $3.5 million. (Link to article)Multimodal shared mobility company GoTo Global has entered into a strategic investment agreement with global mobility group Astara. The investment will see ASTARA invest $5 million in the company and will come as part of a pre-IPO round. It follows an investment of $6 million that was raised from its existing investors. (Link to article)
Autonomy:
Intel Corporation said Monday its Mobileye autonomous vehicle technology unit has confidentially filed paperwork for an initial public offering in the United States, which could value it at more than $50 billion. (Link to article)Pony.ai said its valuation has surged to $8.5 billion after the first close of its Series D funding round, a sign that investors continue to chase a space where mass deployment of autonomous fleets are still years away. (Link to article)Autonomous driving truck startup Inceptio Technology Inc has raised a $188 million funding round led by Sequoia Capital China and Legend Capital君联资本, the investment arm of Lenovo’s parent company. (Link to article)
