Vay’s Post

🚀 Big news: Grab to make strategic investment in Vay | Initially $60M, with the option to increase by an additional $350M as joint milestones are achieved within the first year 🚀 We are super excited to have Grab - Southeast Asia’s leading super-app for ride-hailing, food delivery, digital payment services, and more, serving over 800 cities and millions of people every day - join us on our journey! Partnering with Grab, one of the best operators in the world, we will leverage Grab’s operational expertise, marketing, fleet management, and go-to-market experience to accelerate our upcoming growth. Grab will make an initial investment of $60M*, with an additional $350 million within the first year after Closing, subject to Grab and Vay reaching financial and operating milestones. We believe the driverless rental car space is a massive and untapped opportunity that will complement robotaxis offerings. With Grab's exceptional operational expertise, Vay is now even better positioned to succeed in this fast-growing sector.  One step closer to replacing private car ownership with on-demand, shared, driverless vehicles! A big THANK YOU goes to my entire team who has made this possible. 🙏 👉 Press coverage on Bloomberg: https://lnkd.in/eW9AdmRW 👉 Press release: https://lnkd.in/eFQqjRqT *subject to regulatory approval and other customary closing conditions