Thursday, 25 December, 2025
Grab Invests $60M in Remote Driving Future with Vay
Grab Holdings announced a $60 million initial investment in Vay Technology, a firm specializing in remote-driven vehicles controlled by "teledrivers." The move is part of Grab's strategy to explore autonomous vehicle technology as the future of mobility in Southeast Asia. The deal includes an option for Grab to invest an additional $350 million if Vay meets specific performance and regulatory milestones over the next year.
Read full story at Economic Times