Vay announced raising $30 million.

Vay, a Berlin, Germany-based startup developing driveless technology for self driving cars, announced that it raised $30 million series A funding round.

The money was raised from investors including Atomico, Creandum, LaFamiglia, System.One, Visionaries Club, Signals as well as business angels Patrick Pichette (Partner at Inovia Capital, chairman of the board at Twitter, former global CFO at Google), Cristina Stenbeck (Board member of Spotify, chairman of the board at Zalando), Qasar Younis (co-founder and CEO of Applied Intuition, former COO and Partner of Y Combinator), and Formula 1 champion Nico Rosberg.

The announcement was made as the company has been operating in stealth since 2018. Vay was founded as Ree Technologies by CEO Thomas von der Ohe, Fabrizio Scelsi, and Bogdan Djukic and is working for the development of a driverless, safety-certified, commercial fleet to be deployed in Europe. It says that it will go to market by providing affordable mobility services handled by teledrivers to citizens who are currently underserved by existing transport solutions, whether that is in city centers, suburban or rural areas. Vay has offices in Berlin, Germany, and Portland, USA.