Grab to Invest $60 Million in Remote Driving Tech Company Vay

Grab will invest $60 million in Vay Technology GmbH, a Germany-based provider of automotive-grade remote driving technology. The deal, which is subject to regulatory approvals and customary closing conditions, is expected to close in the fourth quarter of 2025. Upon closing, Grab will hold a minority equity interest in Vay. Vay’s service model allows customers to request an electric vehicle via a mobile app, with the car remotely driven to the user’s location. After taking control of the vehicle and completing their trip, the customer exits and a remote driver resumes control to park or reposition the car.

https://www.brandinginasia.com/grab-to-invest-60-million-in-remote-driving-tech-company-vay/