Teledrive mobility company Vay unveiled its expansion strategy as it raised $95 million in Series B funding.
Vay will use the funding to launch services in Hamburg and triple the size of its team in Germany in 2022. The funding will also boost the R&D efforts in teledrive services and autonomous driving technologies. Vay plans to push forward commercial teledrive services and move gradually into autonomous technologies to secure revenues before advancing in alternative mobility solutions.
In 2022, the upgraded Vay App will provide a better teledrive service, as the electric VayCar will be driven to the customer by a remote driver. VayCar will park itself or move towards another customer after the passenger alights.
Vay expects the door-to-door mobility service to gain attention in the urban mobility industry and start replacing car ownership with a competitive price.
Photo of Vay car in front of the Brandenburg Gate, Berlin, courtesy of Vay.
Subscribe to our newsletters and get the latest news and informations about Global Fleet
WIKIFLEET is a free collaborative encyclopaedia providing knowledge about car fleet management all over the world
Wikifleet
The Global Fleet MARKETPLACE is the ONE guide to find fleet & mobility providers worldwide.
Marketplace
Get all the latest reports, guides, directories and magazines in our knowledge center
Knowledge Center
Want to capture the attention of the International Fleet and Mobility leaders?
Contact us and become our partner!
Parc Artisanal 11-13
B-4671 Barchon BELGIUM
Phone. +32 4 387 87 94
Fax. +32 4 387 90 63
Contact us