Info
Info

Volvo Group Venture Capital invests in EV charging software company

News
Info

Volvo Group Venture Capital AB has invested in Driivz Ltd., a leading 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 other key players in the ecosystem. The platform is scalable and modular, which makes it highly flexible and allows it to be customised 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 are all leading the way in the rapid 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, 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 Trucks, the Volvo Group and Driivz is ongoing with the aim of developing and testing new and innovative charging services to meet the specific needs of electric truck customers and drivers. “The Volvo Group ambition is to offer state-of-the-art truck charging services for a seamless charging experience. Working with Driivz enables us to begin putting our ambition into effect,” said Marcus Anemo, Senior Innovation Manager at Volvo Group Connected Solutions.

“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.”

The role of Volvo Group Venture Capital is to make investments that drive transformation by facilitating the creation of new services and solutions and to support collaborations between start-ups and the Volvo Group.

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 organisation has a global scope, but currently focuses on Europe and North America.

The transaction has no significant impact on the Volvo Group's earnings or financial position.


The Latest News, Brought To You By
Volvo Group Venture Capital invests in EV charging software company
Modified on Tuesday 16th March 2021
Find all articles related to:
Volvo Group Venture Capital invests in EV charging software company
TaaS Technology Magazine
Info
Daimler Truck AG And Volvo Group Fully Committed To Hydrogen-based Fuel-cells – Launch Of New Joint Venture Cellcentric
Pininfarina And MT Distribution Join Forces To Create A New Range Of Vehicles For Urban Electric Micro-mobility
GHD Survey Reveals Half Of British Consumers Are Considering An Electric Vehicle In Next Five Years
Faraday Future Selects Velodyne As Exclusive Lidar Supplier For Flagship FF 91
Construction Begins On First-of-its-kind Electric Vehicle Battery Technology Centre And Pilot Line
EasyMile Raises €55 Million In Series B Round
HELLA Brings Latest Passenger Car 77GHz Radar Technology Into Series Production
Uber, Mobilize, RATP And Blablacar Join Forces For Sustainable Mobility By Launching The “Mobilité360” Project
Gilbarco Veeder-Root Expands E-mobility Platform With Launch Of EVerse
Toshiba Expands Scope Of Its Solid-State LiDAR Solution To Address Transportation Infrastructure Monitoring
Faction Raises $4.3M To Develop Light EV Driverless Fleets
Renault Group And Plug Power Inc. Launch HYVIA
Former Google Head Of Energy Strategy Neha Palmer Joins TeraWatt Infrastructure
Nikola And Total Transportation Services Inc. Sign LOI For 100 Nikola Trucks
FEV Successful In Designing Low Emission, Efficient Hydrogen Internal Combustion Engine
PCB Depaneling: Laser Technology Improves Quality And Efficiency For Automotive Applications
Nano One And Johnson Matthey Enter Into A Joint Development Agreement For Lithium-ion Battery Materials
AAM And REE Automotive To Jointly Develop New Electric Propulsion System
European Launch: NIO To Sell Smart Premium EVs In Norway
Dr. Matthias Jurytko Takes Over The Management Of The Fuel Cell Joint Venture Cellcentric
Ford Boosts Investment In Solid Power
Iteris Awarded $3.3 Million Contract By City Of Modesto For Smart Mobility Initiative
Fisker Launches Resource For Environmental, Social, And Governance Policy, Practices And Reporting And
SEAT Introduces Autonomous Mobile Robots In Its Barcelona Factory
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event