Singapore-based Grab Holdings announced a $60 million investment in Berlin-founded Vay Technology, the pioneer of remote-driving (teledriving) systems — sending Grab’s shares up over 6% in pre-market trading.
The deal positions Grab at the forefront of autonomous and connected mobility, blending its dominant Southeast Asian ride-hailing platform with cutting-edge driverless tech.
🔹 The Strategic Vision
“The future of mobility in Southeast Asia will be a hybrid model — combining the expertise of driver-partners with autonomous and remote-driving services,”
said Anthony Tan, CEO of Grab.
Grab plans to invest up to $350 million more within a year if Vay meets performance milestones in:
- 🚘 Commercial revenue growth
- 🏙 Expansion across U.S. cities
- ⚙️ Technology & safety benchmarks
- ✅ Regulatory approvals
🔹 Why This Matters
Vay’s system uses “teledrivers” who remotely steer cars to customers — bridging today’s ride-hailing with tomorrow’s autonomous fleets.
The firm launched its first commercial service in Las Vegas last year, demonstrating a practical step toward full autonomy.
Grab’s move reflects how Asian mobility giants are pivoting from pure ride-sharing to AI-enabled transport ecosystems, positioning themselves ahead of regulatory and infrastructure shifts.
🔹 The Bigger Picture
- Mobility 2.0 is shaping up as a blend of human expertise + remote tech + autonomy.
- Partnerships like Grab × Vay could redefine fleet utilization, safety, and cost efficiency.
- The announcement adds to the momentum of autonomous-vehicle investments in 2025, with global capital flowing into next-gen transport solutions.