DRiiVZ

About DRiiVZ

Established in 2012 by Doron Frenkel, Driivz operates as a key software provider in the electric vehicle (EV) charging sector, positioning itself at the intersection of the mobility and energy revolutions. Frenkel, an experienced entrepreneur with over 25 years in the telecommunications and tech industries, identified the need for a sophisticated platform to manage the burgeoning EV charging infrastructure, leading to the company's creation.

The company provides a cloud-based, hardware-agnostic platform that serves as an operating system for EV charging networks. Its primary clients include charge point operators (CPOs), electric mobility service providers (EMSPs), utilities, fuel retailers, and automotive companies. Driivz generates revenue through a software-as-a-service (SaaS) model, offering its platform to enable clients to manage and monetize their charging networks. The platform supports various business models, from offering free charging as a customer amenity to setting up profitable charging services.

Driivz's end-to-end solution encompasses several key modules: operations management, smart energy management, billing, and driver self-service tools. A significant feature is its self-healing algorithm, which can remotely and automatically resolve up to 80% of operational issues, substantially reducing charger downtime and maintenance costs. The platform's smart energy management capabilities are crucial, allowing for dynamic load balancing to optimize power consumption, integrate with renewable energy sources and battery storage, and prevent grid overload. This enables operators to charge more vehicles without costly infrastructure upgrades. For end-users, Driivz provides a white-label mobile application for locating chargers, managing payments, and viewing charging history.

Since its founding, Driivz has secured a total of $37 million in funding through several rounds, attracting strategic investors such as Centrica, Ombu Group, Gilbarco Veeder-Root (GVR), and Volvo Group. In February 2022, the company was acquired by Vontier, a global industrial technology company, and now operates as an independent subsidiary within Vontier's EVolve e-mobility portfolio. This acquisition has accelerated Driivz's growth, leading to the establishment of its North American headquarters in Raleigh, North Carolina, to better serve key partners like EVgo, Shell, and Circle K.