Singapore/Las Vegas. Grab Holdings said Monday it agreed to invest $60 million in remote driving technology company Vay Technology, marking the Southeast Asian ride-hailing giant’s latest move into autonomous mobility. The transaction is expected to close in the fourth quarter of 2025, subject to regulatory approval, and will give Grab a minority stake in the German-founded firm.

Grab CEO Anthony Tan said the deal fits the company’s long-term strategy to combine driver-partner services with autonomous and remote-driven vehicle deployment. He added that Vay’s technology will support Grab’s future mobility roadmap and help expand Vay’s operations in the United States.

Vay’s system allows a remote driver to deliver an electric vehicle to a customer using camera-based teleoperation. When the vehicle arrives, the remote operator disconnects and the customer drives themselves. At the end of the trip, remote control resumes, eliminating parking for the user and allowing each remote driver to handle multiple trips per hour.

Vay CEO Thomas von der Ohe said Grab’s backing strengthens plans to scale shared electric driverless fleets, which the company is rolling out in Las Vegas. The startup launched remote-driven services in the US city last year and says it has completed tens of thousands of commercial rides.

Grab will also explore applying the model in Southeast Asia and expects Vay’s driving data to feed into autonomous training systems. The deal follows similar partnerships Grab has made with WeRide and May Mobility.

Under the terms of the agreement, Grab could add up to $350 million more within a year of closing if Vay meets revenue, regulatory and operational milestones in the US If those targets are achieved within three years, Grab could end up with a majority stake in Vay on a fully diluted basis.

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