<ul><li>German teledriving technology startup Vay has secured a €34 million loan from the European Investment Bank (EIB) to expand its operations in Europe.</li><li>The loan will help Vay accelerate the development of its technology that allows a vehicle to be safely driven by a trained human driver located at a remote teledrive station.</li><li>Vay plans to offer door-to-door car sharing in more cities in Europe and North America while establishing business partnerships with car manufacturers and other strategic players.</li><li>Teledriving provides efficient, sustainable, and cost-effective mobility, and Vay aims to strengthen the confidence and trust in its services for a commercial rollout in European cities.</li></ul>

Berlin-based Vay gets €34 million in venture debt to launch teledriven car-sharing services

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