Remote driving startup Vay could grab up to $410M from Singapore's Grab
Grab's $60 million investment supports Vay’s U.S. expansion, with up to $350 million more possible after milestones like regulatory approvals and consumer revenue are met.
7 Articles
7 Articles
Grab makes strategic move into remote-driving with investment in Vay – Telematics Wire
Press Release, 11 November 2025 Grab Holdings Limited has entered a landmark agreement to invest US $60 million in Vay Technology GmbH, a Berlin-based firm that develops remote-driving solutions for electric vehicles. The deal — set to close in the fourth quarter of 2025 — grants Grab a minority equity stake in Vay and includes a conditional option to deploy an additional US $350 million within the first year, contingent on the firm achieving de…
Grab Announces US$60 Million Investment In Remote Driving Firm Vay Technology
Grab has announced a US$60 million (~RM250 million) investment in remote driving startup Vay Technology. Announced via its blog yesterday, the move is part of the company’s latest advancements towards autonomous mobility solutions. For those who are unfamiliar, Vay is a Germany-based company now operating in the United States which offers a unique electric car rental service that uses remote driving technology. Through its app, users can book a …
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