# Vay Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vay-technology

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.vay.io/
- Total disclosed funding: $125M
- Latest round: Series B (Nov 25, 2021)
- Investors on record: 12

## About

Based in Germany, Vay Technology GmbH specializes in innovative Remote Driving technology that allows trained professionals to operate vehicles remotely, enhancing urban mobility and reducing congestion through its unique service offerings.Vay Technology GmbH, founded in 2018, operates from Berlin, Germany, focusing on remote driving solutions. The company has completed 3 deals, with the most recent funding round occurring on October 17, 2024, during which it raised EUR 34 million from the European Investment Bank. The founders include Bogdan Djukic, Fabrizio Scelsi, Gia T, and Thomas von der Ohe, who also serves as the CEO.Vay's core offering is its Remote Driving technology, enabling trained Remote Drivers to operate vehicles from a distance using advanced teleoperation systems. This service allows for quick delivery and return of vehicles within designated areas, predominantly active in Las Vegas, Nevada. Vay is expanding internationally, targeting new markets to promote its sustainable transportation solutions.In 2022, Vay reported an EBITDA of EUR -19,845,935.70. The company generates revenue through its Remote Driving service, with competitive pricing designed to be half the cost of traditional ride-hailing services, facilitating direct transactions with consumers through a mobile application.With the recent funding of EUR 34 million raised in October 2024, Vay plans to expand its workforce and launch its remote-driven vehicle technology across Europe. The company is targeting international markets for growth and aims to introduce its services more widely within the next few years.

## Funding rounds

- Series B, Nov 25, 2021, $95M — Linden Capital Partners, Creandum, Atomico, Kinnevik, Project A, La Famiglia, Tiny Super Computer Investment Company, Signals Venture Capital, Visionaries Club, Camshaft, SEK Ventures
- Series A, Apr 29, 2019, $30M — Creandum, Atomico, La Famiglia, System.One

## Investors

- Creandum (https://capitalatlas.ai/funds/creandum) — Series A, Series B
- Atomico (https://capitalatlas.ai/funds/atomico) — Series A, Series B
- La Famiglia (https://capitalatlas.ai/funds/la-famiglia) — Series A, Series B
- System.One (https://capitalatlas.ai/funds/system-one) — Series A
- Linden Capital Partners (https://capitalatlas.ai/funds/linden-capital-partners) — Series B
- Kinnevik (https://capitalatlas.ai/funds/kinnevik) — Series B
- Project A (https://capitalatlas.ai/funds/project-a) — Series B
- Tiny Super Computer Investment Company (https://capitalatlas.ai/funds/tiny-super-computer-investment-company) — Series B
- Signals Venture Capital (https://capitalatlas.ai/funds/signals-venture-capital) — Series B
- Visionaries Club (https://capitalatlas.ai/funds/visionaries-club) — Series B
- Camshaft — Series B
- SEK Ventures — Series B