Driivz, an Israeli startup that develops electric vehicle charging and energy management software, has been acquired by the American company Vontier Corp, which is a global industrial technology company focused on transportation and mobility solutions. The purchase price was not disclosed.
Founded in 2013, Driivz is an intelligent cloud-based subscription software platform supporting EVCI providers with operations management, energy optimization, billing and roaming capabilities, as well as driver self-service apps. The Tel Aviv, Israel-based company currently provides solutions to a broad range of customers participating in the global buildout of EVCI, including utilities, charge point operators, fleets, OEMs, EMSPs (e-mobility service providers), and oil & gas companies. Driivz’s highly scalable software supports over 500 different charger types providing its customers with access to over 100,000 charging points worldwide. Driivz’s advanced features and architecture will enable current and new customers to rapidly scale their charging networks to meet growing global demand.
“Vontier believes the next decade could bring the most significant changes to global mobility since the invention of the automobile. Clean, efficient fueling technology is no longer optional,” said Mark Morelli, President and CEO of Vontier. “The acquisition of Driivz accelerates our portfolio diversification and emobility strategies toward long-term secular growth drivers and positions us well to capitalize on the global EV Charging Infrastructure (EVCI) market opportunities. Driivz provides us with market leading technologies within the highest growth, most profitable network management software market segment. We are excited to offer our customers best-in-class software that is hardware agnostic and the ability to continue to own the consumer experience.”
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“This acquisition will accelerate our market leadership in EV charging and smart energy management,” said Doron Frenkel, Driivz founder and CEO. “With the most scalable platform, innovative technology and flexible business models, we can drive broader and deeper impact at a global scale. Our commitment is to our customers and to our motivated team of experts, who we will continuously cater for customers’ current and future needs.”