About Driivz
Driivz is a company based in Tel Aviv (Israel) founded in 2012 was acquired by Vontier in February 2022.. Driivz has raised $23 million across 3 funding rounds from investors including Volvo Group, Gilbarco and Ombu Group. Driivz offers products and services including EV Charging Platform and Smart Energy Management. Driivz operates in a competitive market with competitors including Nuvve, Fermata Energy, Indra, Electric Miles and IoTecha, among others.
- Headquarter Tel Aviv, Israel
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Driivz Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$23 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Volvo Group
& 5 more
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Employee Count
Employee Count
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Acquired by
Vontier
(Feb 09, 2022)
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Products & Services of Driivz
Driivz offers a comprehensive portfolio of products and services, including EV Charging Platform and Smart Energy Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages EV charging operations and networks efficiently.
Optimizes energy use for EV charging systems worldwide.
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Funding Insights of Driivz
Driivz has successfully raised a total of $23M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(06 Aug 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series C - Driivz | Valuation | Volvo Group | |
| Feb, 2020 | Amount | Series C - Driivz | Valuation | Gilbarco | |
| Aug, 2018 | Amount | Series A - Driivz | Valuation | Ombu Group , Centrica |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Driivz
Driivz has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Volvo Group, Gilbarco and Ombu Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC firm investing in environmental tech startups
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Founded Year | Domain | Location | |
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Venture capital firm backed by CEZ Group
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Founded Year | Domain | Location | |
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Brand of commercial vehicles
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Driivz
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Driivz
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Driivz Comparisons
Competitors of Driivz
Driivz operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nuvve, Fermata Energy, Indra, Electric Miles and IoTecha, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
V2G solutions for EV charging and grid services are provided.
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| domain | founded_year | HQ Location |
Vehicle-to-grid systems are developed for electric vehicle energy storage.
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| domain | founded_year | HQ Location |
Electric vehicle charging solutions are provided for domestic applications.
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| domain | founded_year | HQ Location |
Provider of solutions to stability of the EV charging grid
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| domain | founded_year | HQ Location |
Smart EV chargers are provided for network and vehicle agnosticism.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Driivz
Frequently Asked Questions about Driivz
When was Driivz founded?
Driivz was founded in 2012 and raised its 1st funding round 6 years after it was founded.
Where is Driivz located?
Driivz is headquartered in Tel Aviv, Israel.
Is Driivz a funded company?
Driivz is a funded company, having raised a total of $23M across 3 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Aug 06, 2018.
What does Driivz do?
Driivz was founded in 2012 in Tel Aviv, Israel, within the electric vehicle sector. A cloud-based software platform is provided for managing charging infrastructure, encompassing operations, grid integration, user oversight, and billing services. Public and workplace charging solutions are targeted at infrastructure managers, supporting efficient deployment and control across networks.
Who are the top competitors of Driivz?
Driivz's top competitors include Fermata Energy, Indra and Nuvve.
What products or services does Driivz offer?
Driivz offers EV Charging Platform and Smart Energy Management.
Who are Driivz's investors?
Driivz has 6 investors. Key investors include Volvo Group, Gilbarco, Ombu Group, Centrica, and Vontier.