Press Release, 11 November 2025
Grab Holdings Limited has entered a landmark agreement to invest US $60 million in Vay Technology GmbH, a Berlin-based firm that develops remote-driving solutions for electric vehicles. The deal — set to close in the fourth quarter of 2025 — grants Grab a minority equity stake in Vay and includes a conditional option to deploy an additional US $350 million within the first year, contingent on the firm achieving defined milestones such as customer growth, U.S. city rollout, and regulatory approvals.
Vay’s model enables EVs to be delivered, by a remote “teledriver”, directly to the user’s pickup point. The user then drives the vehicle themselves; at the end of the trip, control is handed back to the remote driver—eliminating the time-and-space burden of parking and enabling a more efficient car-sharing experience. Grab intends to leverage its platform, fleet-management, and Southeast Asia market reach to accelerate Vay’s growth in the U.S. while exploring the model’s adaptation across its eight-country, 800+-city footprint in the region. Beyond the immediate investment, this deal advances Grab’s long-term aim of evolving from ride-hailing toward a hybrid mobility strategy combining driver-partners, remote-driving services and eventually autonomous systems.
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