Brief

British Energy Company Centrica Increases Investment in Electric Vehicle Charging Startup Driivz

Centrica co-led a $12 million investment round in Driivz in August. The Tel Aviv-based company develops software for management of electric vehicle charging networks

British energy company Centrica PLC announced Monday it increased its investment in Tel Aviv-based electric vehicle charging company Driivz Ltd. In August, Centrica co-led a $12 million investment in Driivz. Founded in 2012, Driivz develops and sells a cloud-based electric vehicle charging network management software used by over 200,000 drivers. Back in August, Centrica said it will integrate Driivz's platform into an intelligent electric vehicle charging service for organizations.

 

Centrica did not disclose the amount of the additional investment. The company also announced the establishment of Centrica Mobility Ventures, a ventures unit dedicated to electric vehicle technologies.

 

An electric car (illustration). Photo: Nissan