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…

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