What is Vay?
Vay is a pioneering deep technology firm based in Berlin, poised to revolutionize urban mobility with its teledrive-first approach to autonomous driving. The company's unique strategy involves operating a fleet of vehicles with safety drivers across Berlin, with plans to remove human oversight next year, leveraging recent technological and regulatory advancements. Founded in September 2018 by Thomas von der Ohe, Fabrizio Scelsi, and Bogdan Djukic, Vay aims to deploy commercial autonomous fleets on public European streets starting next year.
How much funding has Vay raised?
Vay has raised a total of $278.9M across 4 funding rounds:
Series A
$30M
Series B
$95M
Other Financing Round
$93.9M
Unspecified
$60M
Series A (2021): $30M with participation from Atomico, Creandum, and La Famiglia
Series B (2021): $95M led by Eurazeo, Coatue, and Kinnevik
Other Financing Round (2022): $93.9M supported by Coatue, Kinnevik, and Eurazeo
Unspecified (2025): $60M featuring Grab
Key Investors in Vay
Coatue
Coatue Management, L.L.C. is an investment firm that invests in public and private equity, with a focus on global markets and equity-related securities. Founded in 1999, it is based in New York City.
Kinnevik
Kinnevik is an industry-focused investment company that builds digital consumer businesses. Founded in 1936, it partners with founders to create and lead fast-growing businesses, aiming to deliver both shareholder and social value.
Eurazeo
Eurazeo is a global investment company headquartered in Paris, offering expertise in private equity, venture capital, real estate, and private debt. Founded in 1969, it supports companies of all sizes in their development and long-term growth.
What's next for Vay?
The substantial enterprise-level funding Vay has garnered indicates a strong market confidence in its innovative teledrive-first autonomous driving technology. This capital infusion is expected to accelerate the company's path to commercialization, enabling the expansion of its fleet operations and the crucial removal of safety drivers. Vay's strategic focus on safety certification and regulatory compliance positions it for a significant role in the future of urban transportation, potentially setting a new standard for driverless commercial fleets in Europe.
See full Vay company page
