Vay raised €34M in debt financing led by the European Investment Bank (EIB) to accelerate the development of driverless vehicle technology in Europe.

Oct 17, 2024•9 months ago

Amount Raised

€34 Million

BerlinSoftware

Investors

European Investment Bank (Eib)

Description

Vay, the only company in Europe to operate driverless vehicles on public roads without a safety driver, has secured €34 million in funding from the European Investment Bank (EIB). This investment will help Vay enhance its technology, allowing safe remote driving on city streets.

Company Information

Company

VAY

Location

Berlin, Berlin, Germany

About

Vay's first commercial service is live in all of central Las Vegas, Nevada! Experience the convenience of by-the-minute rental cars, delivered driverlessly to your location. Whether you're in Chinatown, Flamingo Heights, Spring Valley, Charleston Heights, Midtown UNLV, the Strip, East of the Strip, the Arts District, Rainbow and Sahara, or beyond, we have you covered.

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Vay raised €34M in debt financing led by the European Investment Bank (EIB) to accelerate the development of driverless vehicle technology in Europe.

Investors

Description

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