Grab Holdings said it will invest $60 million in Vay Technology, a company specializing in remote vehicle operation, marking the ride-hailing giant’s entry into the autonomous driving space.
The Singapore-based firm said the investment will allow it to explore hybrid mobility models combining human drivers, autonomous cars, and remote-driving services. CEO Anthony Tan described the future of transport in Southeast Asia as one that balances innovation with driver expertise.
Grab also said it could invest an additional $350 million within a year if Vay achieves milestones related to revenue, U.S. market expansion, safety standards, and regulatory approvals.
Vay, which launched its first commercial remote driving service in Las Vegas last year, operates a fleet of vehicles controlled by human “teledrivers” who remotely navigate cars to users before handing over manual control.
The partnership underscores Grab’s strategic push to remain competitive as global rivals like Uber and Lyft invest heavily in AI-powered mobility solutions and autonomous vehicle ecosystems.
