Gilbarco Veeder-Root (GVR) announced that it has signed an investment agreement with Driivz, a global leader in smart electric vehicle (EV) charging and energy management solutions, maintaining its minority ownership position.

Driivz’s intelligent cloud-based software platform enables EV charging providers to accelerate market leadership by growing their charging infrastructure and delivering an exceptional charging experience. Driivz’s solutions are currently used by more than 700,000 drivers in over 20 countries in North America, Europe, and Asia.

“Our continued partnership with Driivz has enabled GVR to expand our offerings in e-mobility infrastructure solutions across the world,” said Gilbarco Veeder-Root President Aaron Saak. “We are pleased to have the Volvo Group join us as a new investor in Driivz and look forward to working closely with both partners in enabling a more connected and personalized e-mobility experience.”

There is a significant and growing interest in electric vehicles and machines among Volvo Group customers, which is speeding up the transition to more sustainable transport,” said Erik Johansson, Investment Director, Volvo Group Venture Capital. “The collaboration with Driivz will play an important role in the Volvo Group’s efforts to help customers to electrify their transport solutions. We are impressed by the company and we believe the Volvo Group can add considerable value to the development of the business in the future.”

“Driivz’s collaboration with GVR and Volvo Group is a testament to the strength of our technology and how it addresses the electrification needs of fleets, Gas & Oil companies and utilities under an integrated EV charging solution,” said Doron Frenkel, Driivz founder and CEO.

Driivz recently announced its partnerships with MOL Group in Europe and Chile’s Copec Voltex as well as expanding its already existent partnership with EVgo, the largest fast charging network in the United States.