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British Energy Company Centrica Leads Round for Electric Vehicle Charging Network

Tel Aviv-based Driivz develops and sells an electric vehicle charging network management software

Lilach Baumer 15:1706.08.18

British energy company Centrica PLC has co-led a $12 million round for electric vehicle charging company Driivz Ltd., Centrica announced Monday. London-based investment firm Ombu Group Ltd. was the other leader for the investment.

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Founded in 2012, Driivz develops and sells a cloud-based electric vehicle charging network management software. According to company statements, over 200,000 drivers make use of the service, which promises to be an end-to-end solution for network operators and car manufacturers. The company is based in Tel Aviv with corporate headquarters in Sherman Oaks, California.

An electric Nissan car. Photo: Nissan

The investment is a "key opportunity for Centrica to support growing customer demand and work in partnership with Driivz to explore new offers for customers that connect home, work and on-the-road car charging, while also evaluating the role of electric vehicles and potential vehicle-to-grid applications as part of the future energy landscape,” said in a statement Jonathan Tudor, director of technology and innovation strategy for Centrica's innovation arm, through which the investment was made.