Grab to make strategic investment in remote driving technology company, Vay
Vay offers an affordable on-demand car rental service enabled by remote driving technology.
This investment enables Vay to scale and expand its operations in the U.S., while enhancing Grab’s mobility offerings and accelerating its autonomous and remote driving expertise in the long term.
Initial investment of $60 million, followed by potential investment of $350 million, subject to Vay and Grab reaching agreed financial and operational milestones within the first year post-Closing.