New Driivz CEO on EV Market Stabilization and Growth | Bloomberg Businessweek

Driivz: The Operating System for EV Charging

• 🧠 Driivz provides the essential software, acting as the 'brain' or 'operating system' for EV chargers, managing operations, energy, billing, and driver services.
• ⚡ The company's platform enables drivers to find, use, and pay for charging, ensuring reliability in the EV ecosystem.

EV Market Outlook: Stabilization and Growth

• 📈 Despite recent sales slumps by major EV makers like Tesla and BYD, Driivz is experiencing significant growth, with an additional 18,000 chargers added in the US in 2025 and 20 million EV cars sold.
• 🎯 The EV market is transitioning from an early adoption phase to a period of stabilization and disciplined execution, moving towards EVs becoming as standard as traditional cars.
• 📍 Charging occurs in three main areas: homes (slow chargers), workplaces (slow to semi-high), and public fast chargers on highways.

Software's Crucial Role in Charging

• 💻 Just as a computer needs an operating system, EV chargers require sophisticated software to function, enabling users to find, pay, and manage energy transfer.
• 🔌 Without this software layer, the physical charger is essentially inoperable for the end-user.

Commercial vs. Retail Charging Landscape

• 🏪 Public charging is primarily purchased by charge point operators for use in convenience retail locations or standalone EV charging sites.
• 🏠 Home charging solutions can come bundled with new vehicles or be purchased separately by individuals.
• 🌐 Driivz manages both the chargers for operators and helps drivers find charging stations through energy management service providers, similar to cellular roaming.

Navigating Regulatory Environments and Global Trends

• 🇺🇸 While US federal policies can fluctuate, state-level initiatives and the inherent benefits of EVs are driving adoption.
• 🌍 Europe serves as a model, with countries like Norway seeing over 92% of new car sales as EVs, indicating a clear global shift towards electric vehicles.
• 🎯 Driivz sees a future where the US will inevitably transition to EVs, with the primary question being the timeline.

Business Performance and Energy Management

• 🚀 Driivz is experiencing high double-digit year-over-year growth, driven by both EV charging and energy management solutions.
• 💡 The company is close to achieving profitability, operating as a SaaS business with strong market support.
• 🔋 Energy management is critical for controlling consumption, balancing loads, and preventing grid stress, especially during peak hours, offering significant ROI for operators.
• 📊 Driivz manages one terabyte of energy data, enabling sophisticated load balancing and cost control for charging networks.