Grab to Invest Up to US$410 Million in Vay Technology Advised by PXR

"PXR advised Vay Technology GmbH on a strategic investment by Grab Holdings Limited. The deal features an initial US$60 million investment and an option for Grab to increase its commitment by up to US$350 million within the first year after closing, subject to joint milestones, supporting Vay’s US expansion and cooperation on remote and autonomous driving."

PXR advised Vay Technology GmbH in connection with a strategic investment by Grab Holdings Limited, Southeast Asia’s leading super-app. The transaction provides for an initial investment of US$60 million by Grab, together with an option for Grab to increase its commitment by up to US$350 million within the first year following closing. The additional investment is exercisable subject to achievement of jointly agreed milestones, bringing the potential total investment to US$410 million. Grab’s investment is intended to support Vay’s continued expansion in the United States and to strengthen collaboration between the parties in the fields of remote and autonomous driving. PXR represented Vay Technology GmbH with a team composed by: Dr. Peter Möllmann, Daniel Grisar, Dr. Cornelius Karcher.

Grab to Invest Up to US$410 Million in Vay Technology Advised by PXR

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