Source of this article and featured image is TechCrunch. Description and key fact are generated by Codevision AI system.
A German startup named Vay, which offers remote-controlled rental cars, has secured $60 million in funding from Singapore’s Grab. This investment, which is subject to regulatory approval, could potentially grow to $410 million as Vay meets specific milestones. Vay operates in Las Vegas and is planning to expand its operations in the U.S., using Grab’s support to scale its business. The company’s technology allows human operators to remotely drive cars to customers, and it aims to become a global remote driving platform. This article is worth reading because it highlights a significant development in the autonomous vehicle industry, and readers will learn how Vay is leveraging remote driving technology to disrupt traditional car ownership.
Key facts
- Vay, a German startup, has received $60 million in funding from Singapore’s Grab.
- The investment is subject to regulatory approval and could increase to $410 million if Vay meets certain milestones.
- Vay operates in Las Vegas and plans to expand its operations in the U.S. with Grab’s support.
- The company’s remote driving technology allows human operators to drive cars to customers.
- Vay aims to become a global remote driving platform and has already expanded into business-to-business services.
TAGS:
#AI #autonomous vehicles #car rental #Grab #mobility #remote driving #robotaxi #Startup Funding #tech innovation #Vay
