Vay secures €34M to bring remote-controlled cars to the streets of Europe

Quick Summary:

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.

In 2023, the company successfully conducted test drives without a safety driver on public roads in Hamburg.

Now it wants to roll out the technology on its home turf.

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Article Details

Author / Journalist: Siôn Geschwindt

Category: Technology

Markets: NetherlandsSouth Africa

Topics: Deep tech Electric vehicle Investors and funding Insider Startups and technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 09:42:09 (19 hours ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 605 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 23102108

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News Last Updated: 1 days ago

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