PXR has advised Vay Technology GmbH on a strategic investment by Grab Holdings Limited, Southeast Asia’s leading super-app.

The transaction includes an initial investment of USD 60 million, with an option for Grab to increase its commitment by up to USD 350 million within the first year after closing, tied to joint milestones.

Grab’s investment supports Vay’s continued expansion in the United States and strengthens collaboration in the fields of remote and autonomous driving.

The PXR team – Dr. Peter Möllmann, Daniel Grisar, and Dr. Cornelius Karcher – provided comprehensive legal advice on all aspects of the transaction.