Driivz, Ltd.

Driivz, Ltd. is an Israeli company specializing in electric vehicle (EV) charging solutions, providing a robust platform for energy management and operational efficiency in the EV sector. Founded in 2012 in Israel, Driivz, Ltd. operates as an Electric Vehicle Service Provider (EVSP) platform.

The company has undergone strategic changes and was acquired in 2021 by Gilbarco Inc. before being acquired by Vontier Corporation in February 2022. Driivz has secured a total of USD 11. 00 mn through its most recent funding round, Series C, with key investors including Centrica Innovations Ventures and Ombu Group.

The company has completed a total of 5 deals since inception, with its latest deal occurring on February 8, 2022. Driivz provides a comprehensive Electric Vehicle Service Provider (EVSP) platform designed to streamline operations for electric vehicle (EV) charging and energy management. Their core offerings include a scalable, hardware-agnostic software platform that integrates various operational functions such as charger management, billing, and energy optimization. This platform is equipped with features like insight-driven dashboards, a dedicated operator portal, and self-healing capabilities, all aimed at enhancing charger stability and operational efficiency.

Driivz serves a diverse client base, including Charge Point Operators, Electric Vehicle Service Providers, Electric Mobility Service Providers, and fleet operators across multiple geographical markets, including North America, Europe, and Asia Pacific. Their solutions are designed to meet the needs of millions of EV drivers, ensuring a seamless charging experience while addressing the complexities of energy management and network optimization. Driivz generates revenue primarily through a subscription-based model, where clients pay for access to its software platform tailored for EV charging management. This business model allows for recurring revenue through monthly or annual subscriptions, enabling clients to utilize the platform's capabilities for optimizing operations, billing, and energy management.

The billing mechanism is structured to support flexible tariff management and diverse business models, accommodating various pricing plans for customers worldwide. Driivz's software infrastructure has processed millions of transactions, reflecting its robust capabilities in managing billing and payment for EV charging services. Key products include their SmartChain energy management solution and specialized billing tools, which together facilitate efficient monetization of charging networks while supporting operational excellence. Driivz's strategy for future growth includes the development of new products aimed at enhancing their EV service offerings.

The company is focused on expanding its reach into North America, Europe, and Asia Pacific markets over the next few years. The recent funding from its Series C round will support these expansion efforts and the deployment of innovative solutions tailored to meet evolving customer needs. Following its acquisition by Vontier Corporation, Driivz is poised to leverage additional resources for its growth initiatives and product enhancements.