For customers, teledriving is billed as a cheaper, more convenient alternative to traditional car-sharing. For operators, it could mean the difference between success or failure.
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 rollout of our services in European cities.
Remote driving can increase profitability in a sector known for fine margins. The company claims its technology can double the amount of time vehicles are in use, boosting revenues.
Vay says it has been working closely with authorities to launch a commercial service in the German city. In 2023, the company successfully conducted test drives without a safety driver on public roads in Hamburg.
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