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Driivz raises £8.4m in latest funding round with GVR and Centrica

Image: Driivz.

Image: Driivz.

Cloud-based software platform Driivz has completed its C funding round, raising $11 million (£8.4 million) from Gilbarco Veeder-Root (GVR) and Centrica Innovations.

The Israeli company says the investment will allow it to expand its EV charging solutions, in particular for forecourts and fleet applications, along with continuing to develop its software.

The Driivz software is designed to efficiently manage and develop EV charging infrastructure, through operations management, energy optimisation, billing and roaming capabilities, as well as driver self-service apps.

Doron Frenkel, Driivz’s founder and CEO said he was “thrilled” about the shared vision the company had with GVR and Centrica.

“As the driver journey constantly evolves in parallel to shifts in the energy market, we are developing innovative solutions for multiple verticals, such as the fleets and gas and oil companies.

“Our strategic partnership with GVR creates a business synergy that will allow GVR to complement its solution offering with digital services for EV charging and will allow us to support our customers and power the e-mobility revolution.”

GVR is a technology provider that services convenience stores and commercial vehicle fleets, helping to open up the sector to Driivz.

GVR president, Aaron Saak, said: “This partnership with Driivz demonstrates GVR’s continued expansion in the EV charging market. As a trusted partner with a foundation in commercial and retail fueling, combined with local presence in global markets, we continue to offer innovative solutions to our customers as they look to the future of EV charging.”

Driivz already offers charging solutions for 500,000 drivers and supports over 130 types of charging stations. As well as expanding in the fleet space, it is eyeing vehicle to grid solutions in the future, Frenkel explained to Current± in a recent interview.

Driivz first partnered with Centrica in 2018 as part of a £9 million funding round, and the two are working to “integrate the company’s advanced EV-related power management solutions into Centrica’s energy management suite,” explained Idan Mor, investment director, Centrica Innovations.

“This will allow us to overcome the challenges of EV charging, expedite the adoption of EVs and electrify the way we live, work and move," Mor added.

In 2019, Driivz took its first steps into the Japanese market after signing a deal with utility Ennet Corporation.

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