A historic moment: The first car drives without a person in
the vehicle on a European public road●●●

Vay’s teledriving technology enables driving without a safety driver in thecar for the first time in European road traffic
Germany becomes a pioneer in teledriving technology
Vay aims to launch an affordable and sustainable door-to-door mobility
service

Hamburg, 6th February 2023 - A novelty in Europe: Remotely controlled from theteledrive center, an electric car from Vay drives through Hamburg. For the first time inEuropean road traffic, there is no safety driver in the car. The teledrivers are in fullcontrol of the vehicle. They sit at a teledrive station with a car steering wheel andpedals - developed according to automotive industry standards. The teledriven test
drives without a safety driver will be performed on a predefined route.
For Vay’s CEO and co-founder Thomas von der Ohe, this drive is a major milestone: "As aleading teledriving company, we have been driving remotely-controlled electric cars on
public roads in Berlin and Hamburg for more than three years. With the exemption permit
received in December 2022, we were now able to successfully drive the first car without asafety driver on a public road. This is a huge success for the entire team, but also for
Hamburg and Europe. In the context of legally enabling new technologies, this is asignificant step and Germany is making leaps in taking the global lead in teledriving
technology."
The Authority for Traffic and Mobility Transition (BVM) has issued the exemption permit.
Anjes Tjarks, Senator for Traffic and Mobility Transition: "Hamburg is a pioneer in the fieldof digital and innovative mobility services. We want to offer them where they bring real
added value for people in their daily mobility. Vay creates such added value with its
teledrive service: no need to search for a parking space, emission-free, digitally bookable
and as a convenient service, for example for the 'last mile' from the bus or train station to
your own front door. I am delighted that Vay has taken another important step towards
launching its service and has successfully completed Europe's first test drives without asafety driver on public roads." A positive endorsement by TÜV SÜD was the prerequisite forthe exemption permit. TÜV SÜD evaluated in particular the functional safety andcybersecurity of the Vay teledrive system in accordance with the ISO 26262 and ISO/SAE
21434 standards.

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Vay is building a door-to-door service where customers order an electric vehicle via the Vayapp. What’s unique about Vay’s mobility service is that a teledriver brings the car directly
to the customer - remotely controlled from the teledrive center. Teledrivers sit at ateledrive station in Hamburg with all the necessary controls. The driver has an overview of
the traffic situation via several screens and headphones. Upon arrival of the car, thecustomer then physically drives themselves to their destination. Once the customer hasarrived at their destination, a teledriver takes over the vehicle once again, meaning thetime-consuming search for a parking space is eliminated. In terms of cost, Vay’s service isintended to be similarly priced to carsharing offers and to be a convenient alternative toprivate car ownership in the long term. With Vay's service, fewer but electric vehicles cantransport more people than conventional individual transport within cities. High costs formobility can be reduced, while road safety can be increased.

About Vay
Vay aims to launch a sustainable, affordable, door-to-door mobility service with remotely driven ("teledriven") cars:
Teledrivers bring an electric car to the customer and pick it up after the journey is completed, eliminating thetime-consuming search for a parking spot for the customer. While in the car, the customers drive themselves. Vaysees teledriving as an alternative approach to autonomous driving and aims to gradually introduce autonomous
functions in its system based on high-quality teledrive data.
Vay was founded in Berlin in 2018 by Thomas von der Ohe, Fabrizio Scelsi and Bogdan Djukic. Vay's team of 150+
people combines the best of two worlds - software & product experience from Silicon Valley and automotive
hardware & safety engineering from Europe. The company has offices in Berlin and Hamburg, Germany, as well asin Portland, USA. Vay raised a USD 95m Series B funding round. Investors include Kinnevik, Coatue, Eurazeo,Atomico, La Famiglia and Creandum as well as prominent business angels such as former Alphabet Chief
Financial Officer Patrick Pichette, former member of the management Board for R&D, Design, CTO of Audi Peter
Mertens and Spotify’s Chief Technology & Chief Product Officer Gustav Söderström. www.vay.io

Vay press contact
Anja Rechtsteiner
Head of Communications
anja.rechtsteiner@vay.io / press@vay.io+49 176 60404217

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