Israel-based electric vehicle (EV) charging management technology developer Driivz has closed an $11m series C round co-led by energy utility Centrica and fuel forecourt system provider Gilbarco Veeder-Root (GVR).
Centrica took part through Centrica Innovations, the corporate venturing unit that co-led a $12m round for Driivz in January 2019 with investment firm Ombu Group. That round also featured Inven Capital, the investment vehicle for energy utility CEZ Group sponsored by European Investment Bank.
Driivz has created a cloud-based software tool that helps EV service providers manage their operations from billing to energy optimisation. Approximately 500,000 drivers make use of the platform, which supports more than 130 classes of charging stations.
GVR will partner Driivz to further develop EV charging strategies applied to forecourts and commercial vehicle fleets.
Idan Mor, Israel-based investment director for Centrica Innovations, said: “We are currently working with Driivz’s innovative R&D team to integrate the company’s advanced EV-related power management solutions into Centrica’s energy management suite.
“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.”
