Grab will invest $60 million in Vay Technology GmbH, a Germany-based provider of automotive-grade remote driving technology. The deal, which is subject to regulatory approvals and customary closing conditions, is expected to close in the fourth quarter of 2025. Upon closing, Grab will hold a minority equity interest in Vay.
Vay’s service model allows customers to request an electric vehicle via a mobile app, with the car remotely driven to the user’s location. After taking control of the vehicle and completing their trip, the customer exits and a remote driver resumes control to park or reposition the car.
“We believe the future of mobility in Southeast Asia will be a hybrid model that relies on the expertise of our driver-partners alongside autonomous vehicles and remote driving services,” said Anthony Tan, Chief Executive Officer and Co-founder of Grab.
“This initial investment will help accelerate Vay’s remote driving technology development and create valuable technical and operational synergies for Grab’s long-term mobility strategy. It will also support Vay’s expansion in the U.S., where they serve a growing segment of consumers who prefer not to be car owners and are looking for more flexible, affordable, mobility options.”
Grab operates across eight Southeast Asian countries and in more than 800 cities. The company plans to leverage its experience in marketing, product development, fleet management, and go-to-market strategy to support Vay’s growth in the U.S. Grab will also explore potential integration of Vay’s service into its own mobility offerings in Southeast Asia.
“As we plan to deploy tens of thousands of shared, electric, driverless vehicles over the coming years, we couldn’t be more excited to have one of the best operators in the world join us on this journey,” said Thomas von der Ohe, Chief Executive Officer and Co-Founder of Vay.
“Mr. Tan and I share the same vision of reducing private car ownership with on-demand, shared vehicle services, which makes Grab an ideal partner.”
