EV News Funding Alert

Grab to invest $60m in Vay’s remote-driven EV service

• ByStartupStory     |    November 11, 2025

Grab Holdings Limited has signed a definitive agreement to invest $60 million in Vay Technology GmbH, a Berlin-based startup specializing in remote driving technology for electric vehicles (EVs). The investment, subject to regulatory approval and expected to close in the fourth quarter of 2025, will give Grab a minority equity stake in Vay, with an option to invest an additional $350 million within the first year upon Vay hitting certain performance and regulatory milestones.

Vay’s remote-driven EV service operates by having remote “teledrivers” deliver an electric vehicle to a customer’s location. After the vehicle arrives, the customer drives it themselves like a regular car. At trip’s end, control is returned to the remote driver who drives the vehicle away, eliminating the hassle of parking and increasing service efficiency. This model combines on-demand car rentals with remote driving technology to create a cost-efficient and scalable mobility solution.

Grab CEO and Co-founder Anthony Tan said the future of mobility in Southeast Asia will be a hybrid model combining traditional driver-partners with autonomous vehicles and remote driving services. Grab plans to leverage its expertise in fleet management, marketing, and platform operations to support Vay’s growth in the U.S. and explore adapting this service model across its Southeast Asian operations covering 800 cities in eight countries.

Vay launched its first commercial remote-driven EV rental service in Las Vegas in early 2024 and aims to expand its footprint rapidly. The company’s technology, certified to rigorous German automotive safety standards, prioritizes low-latency connectivity and high safety for complex urban environments. Vay plans to progressively integrate autonomous vehicle capabilities based on data collected from its remote driving fleet.

Grab’s investment complements its previous autonomous vehicle investments in companies like WeRide and May Mobility, marking a clear strategic push toward next-generation mobility solutions. This deal highlights Grab’s ambition to innovate beyond ride-hailing by incorporating a spectrum of driver-assisted, remote, and autonomous vehicle services.

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