Grab eyes up to $410m investment for remote driving expansion

With an initial $60m investment, it will acquire a minority stake in Vay Technology.

Grab Holdings will invest up to $410m in Vay Technology GmbH, a Germany-based remote driving firm, to expand its presence in emerging mobility platforms.

Grab will first invest $60m for a minority stake, with an option to inject a further $350m within a year of closing, subject to Vay’s performance milestones. The transaction is due to close in Q4 2025 pending regulatory approval.

Vay will use the funds to expand its remote driving operations in the US, where it already deploys electric vehicles in Las Vegas. Its model enables remote drivers to deliver vehicles to users and reclaim them after trips, increasing utilisation and efficiency.

Grab said the investment supports its broader plan to incorporate remote and autonomous driving into regional mobility services. It will assist Vay’s US expansion through marketing and fleet management expertise, while evaluating future applications in Southeast Asia.

Grab has also invested in autonomous driving firms WeRide and May Mobility, underscoring its growing portfolio in next-generation transport technology. If milestones are met and warrants exercised, Grab could secure a majority stake in Vay within three years of closing.