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RALEIGH, N.C. - Driivz, a Vontier (NYSE:VNT) company specializing in EV charging software, announced Thursday a partnership with Greenspot to manage thousands of electric vehicle chargers across Greenspot’s international charging networks. Vontier, currently valued at $5.86 billion and trading near its 52-week high, has shown strong financial performance according to InvestingPro data.
Greenspot, which operates EV charging infrastructure for commercial, residential and public sector clients, has selected Driivz’s platform to support both existing and newly installed chargers as it continues its global expansion. The company has already established charging projects in cities including Columbus, Jersey City, Boston, Cincinnati and Edison, N.J.
According to the press release statement, Greenspot has powered over 5.4 million miles of electrified driving and reduced greenhouse gas emissions by more than 750 metric tons.
The Driivz software platform supports over 2,000 types of chargers and will provide Greenspot with remote monitoring and troubleshooting capabilities. The system can automatically resolve up to 80% of charger issues without requiring field technician visits.
As part of the partnership, Driivz will provide 24/7 Level 1 support services through an international call center, offering drivers a single point of contact for charging assistance.
"Their proven track record and ability to scale with Greenspot as we grow will help us continue to provide the reliable and seamless charging experiences that set us apart," said Eyal Shuster, CEO of Greenspot.
Greenspot will also implement Driivz’s Smart Energy Management solution, which includes grid capacity optimization and real-time dynamic load balancing to help reduce energy costs and avoid excess demand charges.
The partnership aims to maintain charger availability and reliability as Greenspot expands its charging network internationally. With Vontier’s upcoming earnings report in 7 days, investors can access detailed analysis and additional insights through InvestingPro’s comprehensive research reports, which cover over 1,400 US stocks including VNT.
In other recent news, Vontier Corporation reported its first-quarter 2025 earnings, surpassing analysts’ expectations. The company achieved an adjusted earnings per share of $0.77, higher than the projected $0.72. Additionally, Vontier’s revenue reached $741 million, exceeding the anticipated $722.54 million. In a separate development, Vontier shareholders approved several key proposals during their Annual Meeting. These included the election of eight directors to serve until the 2026 Annual Meeting, with a majority of votes supporting each nominee. The board members elected are Karen C. Francis, Gloria R. Boyland, Robert L. Eatroff, David M. Foulkes, Christopher J. Klein, Mark D. Morelli, Maryrose Sylvester, and J. Darrell Thomas. Shareholders also approved the appointment of the independent auditor and executive compensation proposals. These developments reflect recent activities within Vontier Corporation.
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