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Centrica invests in software for EV charging

Centrica plc has announced a multi-million-pound investment in Driivz, an Israeli start-up that offers end-to-end software solutions for electric vehicle (EV) charging. Ombu Group, a leading investor in advanced industrial technology companies, has co-led the investment, which forms part of a £9m ($12m) funding round.
Centrica invests in EV software charging company Driivz

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6 August 2018

YOU might know Centrica as the owners of British Gas. But the company is also positions itself as an international energy and services company.

Which explains why it has invested in Israeli start up Driivz with a multi million investment, along with Ombu Group.

Driivz offers cloud-based end-to-end software solutions for electric vehicle (EV) charging. There are over 200,000 people using Driivz worldwide.

The platform is useful for network operators, car manufacturers and utilities because it manages all aspects of EV deployment.

That entails charging, account management and driver billing, through to onsite power management that allows businesses to optimise output to chargers in line with site energy demand and costs. So it truly is end-to-end.

Centrica is integrating the Driivz platform into a new intelligent EV charging service business offer for businesses from Centrica Electric Vehicle Services (CEVS). The fully-managed solution has been developed to meet the needs of organisations that want EV charging facilities for their employees and/or their depot-based fleets.

Jonathan Tudor, Director of Technology and Innovation Strategy for Centrica Innovations, said:

“With 14 million EVs expected on UK roads by 2030, there can be no doubt that e-mobility will have a significant impact on how we manage the delicate balance of supply and demand to the grid.

“This 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 EVs and potential vehicle-to-grid applications as part of the future energy landscape.”

The CEVS offer builds on the company’s experience as an installer of over 4,000 workplace chargers, including Transport for London’s £18m EV charging scheme, which aims to install 300 fast charging points in the capital by 2020.

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Ralph Morton

Ralph Morton

Ralph Morton is an award-winning journalist and the founder of Business Car Manager (now renamed Business Motoring). Ralph writes extensively about the car and van leasing industry as well as wider fleet and company car issues. A former editor of What Car?, Ralph is a vastly experienced writer and editor and has been writing about the automotive sector for over 35 years.

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