Vay to raise up to $410m from Grab

Team S · 2025-11-12T16:58:03.000Z

Vay, a Berlin-based “teledriving” startup founded in 2018, has secured an initial $60m investment from Grab, with a further $350m contingent on performance milestones over the next year, totaling up to $410m. Vay remotely navigates rental cars to customers before handover and launched its first commercial service in Las Vegas last year; it also debuted Europe’s first commercial remote driving service in Belgium in January. Grab’s backing aims to accelerate Vay’s tech development, create synergies with Grab’s mobility strategy, and support US expansion targeting non-car owners seeking flexible, affordable options. Vay previously obtained a €34m EIB loan to scale in Europe, and plans to deploy “tens of thousands” of shared, electric, driverless vehicles in the coming years.

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Vay to raise up to $410m from Grab | Newnex