Vay secures €34M to bring remote-controlled cars to the streets of Europe
German “teledriving” startup Vay has secured €34mn from the European Investment Bank (EIB). In January, Vay launched a commercial remote-controlled car service in Las Vegas. Now it wants to roll out the technology on its home turf. In 2023, the company successfully conducted test drives without a safety driver on public roads in Hamburg. Vay says it has been working closely with authorities to launch a commercial service in the German city. “This investment will play a crucial role in strengthening the confidence and trust that EU regulators, partners and consumers have in Vay, paving the way for the commercial…This story continues at The Next Web
German “teledriving” startup Vay has secured €34mn from the European Investment Bank (EIB). In January, Vay launched a commercial remote-controlled car service in Las Vegas. Now it wants to roll out the technology on its home turf. In 2023, the company successfully conducted test drives without a safety driver on public roads in Hamburg. Vay says it has been working closely with authorities to launch a commercial service in the German city. “This investment will play a crucial role in strengthening the confidence and trust that EU regulators, partners and consumers have in Vay, paving the way for the commercial…
This story continues at The Next Web