Versuchen GOLD - Frei
Grab to invest $78m in German remote driving tech start-up Vay
The Straits Times
|November 12, 2025
Ride-hailing company Grab will invest US$60 million (S$78 million) in cash for a minority stake in German remote driving startup Vay Technology, with the possibility of a further US$350 million injection and a majority stake down the road.
-
Employee Silvia Avanzini speaking to a remote driver of Vay during a presentation in Germany on Oct 22. Vay delivers rental electric vehicles to customers using remote drivers, who resume control at the end of the rental. PHOTO: REUTERS
(REUTERS)
The initial investment is subject to regulatory approval and expected to close in the fourth quarter of 2025, Grab announced in a bourse filing on Nov 10.
Founded in 2018, Vay delivers rental electric vehicles (EVs) to customers using remote drivers. It launched a remotely driven commercial fleet in Las Vegas in 2024, and has completed “tens of thousands” of trips.
The startup’s mobile app enables customers to request an EV to be delivered to their location, with the help of a remote driver.
Diese Geschichte stammt aus der November 12, 2025-Ausgabe von The Straits Times.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON The Straits Times
The Straits Times
Waterloo Street to get facelift with wider pavements, new public spaces by 2027
By 2027, visitors to Waterloo Street can expect a more pleasant walking experience, with wider pavements and more sun-shading trees.
2 mins
December 12, 2025
The Straits Times
Taste Orchard sub-tenants fret over compensation, eviction deadline
Businesses angered by apparent lack of communication and flip-flopping
6 mins
December 12, 2025
The Straits Times
Shell sued in Britain over 2021 Philippine typhoon devastation
103 claimants say oil giant's emissions play a part in climate change, impacting Filipinos
2 mins
December 12, 2025
The Straits Times
DOUBLE BOOST FOR LEE'S CONFIDENCE
S'porean adds 50m free to 100m title as Gan repels threat of Filipino-Canadian Sanchez
4 mins
December 12, 2025
The Straits Times
Australian PM defends social media ban as teens brag about staying online
He says move will ultimately save lives while other countries weigh similar actions
3 mins
December 12, 2025
The Straits Times
New electric train service linking KL and JB debuts in preview run
Just before dawn broke on Dec 11, Malaysia’s new electric train service (ETS) linking Kuala Lumpur to Johor Bahru rolled out of Kuala Lumpur Railway Station on a media preview run, a day ahead of its official launch on Dec 12.
3 mins
December 12, 2025
The Straits Times
Skydiver survives plane-tail dangling incident in Australia
Heart-stopping footage released on Dec 11 by the Australian authorities showed the moment a skydiver was left dangling thousands of metres in the air after the parachute was caught on the plane’s tail.
1 min
December 12, 2025
The Straits Times
As siblings separated, can Singapore and Malaysia truly be friends?
Lessons from the Separation are engraved everywhere in Singapore's engagement with Malaysia – but in a different way than expected.
6 mins
December 12, 2025
The Straits Times
Sprint queen Shanti Pereira chases double-double after 100m win
Singapore sprint queen Shanti Pereira’s bid for a historic double-double at the SEA Games got off to a speedy start on Dec 11, when the 29-year-old retained her women’s 100m gold in Bangkok.
3 mins
December 12, 2025
The Straits Times
Trade talks with US still on, says Indonesia
It seeks to dispel reported US concerns over implementation of a handshake deal in July
3 mins
December 12, 2025
Listen
Translate
Change font size