Autonomous vehicles are having a moment, and it’s making it a lot easier for smaller companies to raise money. rel=”nofollow” href=”https://vay.io/”Vay, a German startup offering remote-controlled rental cars, will get $60 million in cash from Singaporean tech heavyweight rel=”nofollow” href=”https://www.grab.com/”Grab, the company announced on Monday.
The deal, which is subject to regulatory approval and expected to close by the end of the year, may be followed by “an additional $350M as joint milestones are achieved within the first year,” Vay CEO Thomas von der Ohe rel=”nofollow” href=”https://www.linkedin.com/posts/thomas-von-der-ohe_grab-to-make-strategic-investment-in-remote-activity-7393612508151955456-MQCX/”>wrote on LinkedIn.
The Berlin-based startup…

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