Singapore's Grab to invest $60 million in remote driving firm Vay

Group 1 - Grab Holdings will invest $60 million in Vay Technology, a remote driving firm, leading to a more than 6% increase in Grab's shares during premarket trading [1] - The investment aims to leverage Grab's ride-hailing platform to explore opportunities in autonomous vehicles, which are anticipated to disrupt the mobility sector [1][2] - If Vay meets specific milestones, Grab plans to invest an additional $350 million within the first year, contingent on factors such as consumer revenue and regulatory approvals [2] Group 2 - Vay Technology utilizes "teledrivers" to navigate vehicles to customers, who can then self-drive the cars [3] - The company launched its first commercial service in Las Vegas in January of the previous year [3]