Grab has previously invested in two companies focused on robo-taxis technology, with the aim of offering its offering as early as 2026 in the Southeast Asia region. Not only that, today Grab has also invested in Vay.
Vay offers a car rental service powered by remote driving technology. Through the Vay application, users can book a rental electric car, and the car will be driven using remote control to deliver it to the user who rents it. The next connection will be decided when the user starts driving the rental vehicle themselves. This step makes it easier for users to get a rental car without having to go to a specific location, instead the car is delivered directly to the user.
Grab has invested $60 million, and also has the potential to invest $350 million in the company depending on the agreement and Vay's achievements within the first year post-investment.
Grab's CEO stated that they believe that the future depends on hybrid driving involving driver-partners and self-driving technology, as well as remote driving services.
Previously, Grab has also invested in WeRide and May Mobility, where both companies focus on self-driving technology and robotaxis development.
