Photo: Driivz
Driivz 60535e5c9c11a

Volvo Group invests in EV charging software company

March 18, 2021
Driivz has developed a platform for managing large charging networks for electric vehicles from end-to-end, which will aim to push forward Volvo’s efforts toward electrifying transport solutions.

Volvo Group Venture Capital has invested in Driivz Ltd., a global EV charging software company which has developed a platform for managing large charging networks for electric vehicles from end-to-end. 

The Driivz platform functions as an operating system for electric vehicle (EV) charging networks and is used by the operators of charging points, EV fleets and moreAccording to Driivz, the platform is scalable and modular, which makes it highly flexible and allows it to be customized to meet customers’ needs. The company has a large and growing number of customers in the utility, oil and gas, and automotive industries and among charging network operators, which pushed forward the adoption of electric transport. 

“There is a significant and growing interest in electric vehicles and machines among Volvo Group customers, which is speeding up the transition to more sustainable transport,” said Erik Johansson, investment director at Volvo Group Venture Capital. “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.”

A joint pilot project between Volvo TrucksVolvo Group and Driivz is ongoing with the goal of developing and testing new and innovative charging services to meet the specific needs of electric truck customers and drivers.  

“We’re proud to be working with the Volvo Group, which is playing a leading role in the electrification of truck fleets,” said Doron Frenkel, CEO of Driivz. “The investment reinforces our belief in our business model and will be used for geographic expansion and continuous product innovation.” 

Against the background of the trends shaping the future of transportation and the strategic priorities of the Volvo Group, the key areas of investment for Volvo Group Venture Capital are currently logistics services, site solutions and electrical infrastructure. 

“The Volvo Group ambition 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.” 

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...