Volvo Group Venture Capital AB has invested in Driivz Ltd., a Hod Hasharon, Israel-based global EV charging software company.
The amount of the deal was not disclosed.
Led by Doron Frenkel, CEO, Driivz is a global EV charging software company which has developed a platform for managing large charging networks for electric vehicles from end-to-end. The 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 company has a large number of customers in the utility, oil and gas, and automotive industries and among charging network operators.