Grab Invests $60M in Vay Tech for Autonomous Vehicles
Update: 2025-11-10
Description
Grabs $60 million investment in Vay Technology, a remote driving company, boosts shares by 6%. Grabs CEO, Anthony Tan, envisions a hybrid mobility model in Southeast Asia, combining driver-partners with autonomous vehicles and remote driving services. Vays teledrivers remotely steer cars to customers, with potential for additional $350 million investment if Vay meets specific milestones.
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