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Driverless mobility service
Job no longer available
+ Stock options
101-200 employees
To speed up the rollout of driverless mobility services by using its remote human-assisted driving technologies to build trust in its services.
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-1% employee growth in 12 months
Dec 2021
$95m
SERIES B
May 2019
$14m
SERIES A
Driverless cars are often considered as the future of transport, but the AI-driven innovation is not yet powerful and safe enough to be made publically available. Furthermore, it is anticipated that many people would not trust AI-driven driverless cars regardless of their state of development, preferring to know that a human is behind the wheel.
Vay develops autonomous driving hardware powered by "teledriving", a system in which cars are driven remotely by humans. The German company will begin by providing orderable cars that can be driven manually by the customer but parked remotely by Vay staff, with future use cases including full remote rides, ride-sharing, last-mile delivery, and public transport.
Whilst other companies such as Mobileye have made plans to provide driverless cars to German cities, Vay is standing out with its unique focus on the trust of teledriving. Furthermore, the initial focus on autonomous parking will greatly speed up rollout and give the company a competitive edge. 2024 funding is being used to expand its development team and grow its European market.
Steph
Company Specialist at Welcome to the Jungle