Volvo Group invests in charging specialist Driivz
Volvo Group has invested in Israeli startup Driivz, a software specialist for charging solutions. The company developed a platform to manage large charging systems for electric vehicles, with Volvo looking into heavy-duty applications.
Volvo Group Venture Capital AB did not disclose how much they invested in Driivz. The company is not a stranger to the industry. In 2018, the British energy provider Centrica already invested a three-digit million euro amount in Driivz.
The Driivz platform is an operating system for electric vehicle (EV) charging networks. Operators of charging points, EV fleets and other players in the ecosystem use it alike. The Swedish venture capitalists consider the wide range of clients and applications a chance.
“The collaboration with Driivz will play an important role in the Volvo Group’s efforts to help customers to electrify their transport solutions. We are impressed by the company, and we believe the Volvo Group can add considerable value to the development of the business in the future,” said Erik Johansson, Investment Director, Volvo Group Venture Capital.
For the Volvo Group, Volvo Trucks and Driivz are also conducting a joint pilot project to develop and test new and innovative charging services specifically for electric trucks. The aim is to offer “state-of-the-art truck charging services for a seamless charging experience,” said Marcus Anemo, Senior Innovation Manager at Volvo Group Connected Solutions. “Working with Driivz enables us to begin putting our ambition into effect,” he added.