Singapore’s Grab plans up to $410M investment in remote driving startup Vay

**LIVE UPDATE: GRAB’S INVESTMENT IN VAY AND SINGAPORE’S POLICY CONTEXT** As of November 10, 2025, Grab Holdings Limited has signed a definitive agreement to invest $60 million in Berlin-based remote driving startup Vay Technology GmbH, with plans to inject up to $350 million more if Vay hits specific milestones—including U.S. expansion, consumer revenue targets, and regulatory approvals in additional U.S. cities[2][3][4]. “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,” said Grab CEO Anthony Tan, while Vay CEO Thomas von der Ohe stated the

Singapore’s Grab Holdings announced a $60 million investment in remote driving startup Vay Technology, pending regulatory approval expected to close by Q4 2025[4][6][8]. The investment deal’s progress hinges on Vay achieving regulatory approvals for operating in additional U.S. cities, among other milestones, highlighting the importance of government clearance in expanding remote driving services[2][4]. While Singapore’s government has not publicly commented specifically on this investment, Grab stands to benefit from supportive policies such as the 50% corporate tax rebate capped at S$40,000, signaling an enabling environment for tech-driven mobility ventures[1][5].

Singapore’s Grab Holdings plans an initial $60 million investment in German remote driving startup Vay Technology, potentially increasing to a total of $410 million within a year if key milestones like consumer revenue, U.S. city coverage, technology, and regulatory approvals are met[2][6][7]. Vay's hybrid model combines remote human "teledrivers" with user autonomy, enabling electric vehicles (EVs) to be remotely delivered to customers who then self-drive, addressing regulatory and technical hurdles faced by fully autonomous vehicles[1][8]. This strategic investment aims to accelerate Vay’s automotive-grade remote driving tech development, leverage Grab’s operational scale, and support expansion in the U.S. and Southeast Asia, signaling a pragmatic step toward scalable

Singapore’s Grab has announced an initial $60 million investment in German remote driving startup Vay, with the potential to increase to $410 million within a year if Vay hits key milestones such as U.S. city expansion, consumer revenue targets, and regulatory approvals. This move positions Grab to challenge pure-play autonomous rivals like Waymo and Cruise by leveraging Vay’s hybrid model—using remote drivers to deliver EVs, which users then drive themselves—offering a more flexible and regulatory-friendly alternative. “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 Grab CEO Anthony Tan.

Singapore’s Grab’s plan to invest up to $410 million in remote driving startup Vay has sparked mixed consumer and public reactions. Some see it as a forward-looking move aligning with future mobility trends, with Grab CEO Anthony Tan emphasizing a hybrid model combining driver expertise and remote driving services[2][6]. However, there is cautious sentiment among users and public forums about the safety and reliability of remote-driven vehicles, with concerns over regulatory hurdles and technology readiness, despite Vay’s “tens of thousands” of successful trips in Las Vegas[4][6]. The $60 million initial investment was welcomed by tech enthusiasts, yet some consumers remain skeptical about widespread adoption given the novelty of remote driving technology[3][9].

Singapore’s Grab has announced plans for a strategic investment of up to $410 million in German remote driving startup Vay, with an initial $60 million injection pending regulatory approval and the potential for further funding tied to milestones like U.S. expansion and safety standards. The move has drawn international attention, with analysts noting it could accelerate the adoption of hybrid mobility models globally, as Grab CEO Anthony Tan stated, “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.” Vay’s CEO Thomas von der Ohe added, “We plan to deploy tens of thousands of shared, electric, driverless vehicles over the coming years,” signaling ambitions that could

Singapore’s Grab announced a $60 million initial investment in German remote driving startup Vay, with plans to invest up to $410 million if milestones are met, sparking mixed public reactions. Consumers have shown interest in more flexible, affordable mobility options, especially those preferring to avoid car ownership, while some express cautious optimism about safety and regulatory approvals for remote driving technology. Grab CEO Anthony Tan emphasized a hybrid mobility future combining human drivers and autonomous tech, reflecting both excitement and pragmatic concerns in the public discourse[2][3][6].

Singapore’s Grab Holdings announced a $60 million initial investment in German remote driving startup Vay Technology, with potential total funding rising to $410 million within a year if key milestones—such as consumer revenue and U.S. expansion—are met[2][4][7]. Grab CEO Anthony Tan said this will accelerate Vay’s technology development and support a hybrid mobility model blending driver expertise with autonomous and remote driving services[4]. Vay plans to deploy tens of thousands of shared, electric, driverless vehicles, aiming to transform urban transportation and reduce private car ownership[4][7].

Shares of Grab Holdings experienced a notable uptick following the announcement of its planned investment of up to $410 million in German remote driving startup Vay, with market optimism driven by the potential of hybrid mobility solutions. Grab's stock surged to a three-month high, reflecting investor confidence in the company's strategic bet on blending remote driving with user autonomy to address urban transportation challenges[2]. Analysts have highlighted that this move differentiates Grab from pure autonomous vehicle players and positions it well amid shifting mobility paradigms[1].

Singapore’s Grab Holdings announced today it will invest $60 million in German remote-driving startup Vay Technology, with the potential for total funding to reach $410 million if Vay achieves specific milestones within the first year—including consumer revenue targets, U.S. city expansion, and regulatory approvals. The deal, subject to regulatory approval, is expected to close in Q4 2025 and will give Grab a minority equity stake, with CEO Anthony Tan stating, “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.”

Singapore’s Grab has announced a strategic investment of $60 million in Berlin-based remote driving startup Vay, with potential funding increasing to $410 million contingent on performance milestones such as U.S. market expansion and regulatory approvals[1][6]. This move signals a global vote of confidence in hybrid mobility models that combine human remote control with autonomous vehicles, aiming to reshape urban transportation internationally by reducing private car ownership through shared, electric, driverless vehicles[6][7]. The investment has sparked interest worldwide, particularly in the U.S. where Vay is scaling operations, reflecting an international shift toward flexible, technology-driven mobility solutions, with Grab CEO Anthony Tan emphasizing this as part of Southeast Asia’s mobility future and Vay’s CEO highlighting shared strategic goals for

Singapore’s Grab Holdings has announced a strategic investment of $60 million in German remote driving startup Vay Technology, with plans to invest up to $410 million within the next year if certain growth milestones are met, including expansion across U.S. cities and regulatory approvals[2][7]. Grab CEO Anthony Tan highlighted the global significance, stating this hybrid mobility model combining driver expertise with autonomous and remote driving services will transform Southeast Asia’s mobility landscape and support Vay’s growth in the U.S., where demand is rising among consumers seeking flexible, non-ownership vehicle options[6][8]. Internationally, Vay’s CEO Thomas von der Ohe praised Grab as an ideal partner to accelerate deployment of tens of thousands of shared, electric, driverless vehicles

Singapore’s Grab has announced a strategic investment of up to $410 million in German remote driving startup Vay, starting with an immediate $60 million cash injection and the potential for $350 million more tied to U.S. expansion milestones, sparking global interest in hybrid mobility solutions. Industry leaders and regulators worldwide are watching closely, as Vay’s remote-controlled rental model—already operational in Las Vegas with tens of thousands of trips completed—could reshape urban transportation and reduce private car ownership. “We believe the future of mobility will be a hybrid model,” said Grab CEO Anthony Tan, while Vay CEO Thomas von der Ohe emphasized the shared vision of “reducing private car ownership with on-demand, shared vehicle services.”

Singapore’s Grab has committed an initial $60 million investment in German remote driving startup Vay, with the potential to increase its total stake to $410 million within a year if Vay meets key milestones such as consumer revenue targets, U.S. city expansion, and regulatory approvals. The partnership will accelerate the development of Vay’s automotive-grade remote driving technology, which uses teledrivers to deliver electric vehicles to customers who then self-drive, with Grab CEO Anthony Tan stating, “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.”

Singapore’s Grab Holdings announced a strategic $60 million investment in German remote driving startup Vay Technology, with plans to increase total investment up to $410 million within a year, contingent on milestones such as U.S. market expansion and regulatory approvals[2][5][6]. This move signals a global shift toward hybrid mobility models combining human drivers and autonomous technologies, with Grab CEO Anthony Tan emphasizing the integration of remote driving to offer more flexible and affordable vehicle access, especially in the U.S. where Vay operates commercial fleets[2][6][8]. Internationally, the partnership is hailed for advancing shared electric vehicle services, aiming to reduce private car ownership through on-demand mobility solutions, with Vay’s CEO highlighting the alignment in vision with Grab for