Vay (Berlin Exit)
Berlin teledriving startup Vay, after raising $110M, exited its German operations in 2024 to focus solely on Las Vegas — leaving its home market and laying off most Berlin staff.
2018 → 2024
$110M
Mobility/Teledriving
Germany
Full Analysis
Vay was founded in Berlin to commercialize teleoperated cars (a human driver in a remote control room). After raising $110M+ from Coatue, Atomico and Eurazeo, the company exited its German operations in 2024 — citing slow EU regulatory progress — and laid off most of its Berlin engineering team to focus on Las Vegas, US. A case study of a German startup forced to abandon its home market for regulatory and capital reasons.
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