April 20, 2017 – Free Electrons announced its first cohort of 12 innovative energy startups selected from 450 applications across 51 countries. This year’s cohort of 12 has already received a combined total of over $57 million in funding and almost $24 million in revenue. Diversity is apparent not just in the sectors represented but geographic location as well: four startups are from the United States, two from Israel, and one each from Germany, Ireland, Portugal, Switzerland, India and United Kingdom. The chosen innovative startups are advancing energy sectors including grid operations, renewable energy, electric vehicles and home energy management.
Driivz was the only company selected in the E-Mobility sector. Other categories include smart grid, clean energy, and energy management. “We’re very excited to be participating, this presents a unique opportunity to learn and share our vision of EV charging solutions. We look forward to taking a deep dive into challenges that face the energy industry” says Doron Frenkel, CEO of Driivz.
Free Electrons is a platform to propel solutions on the global stage with the support of eight international utilities. Startups will have the opportunity to immerse themselves in regional ecosystems delivered through three uniquely structured week-long modules in Silicon Valley, Lisbon, Dublin and Singapore.
Free Electrons is the global energy startup accelerator program that connects the world’s most promising startups with leading utility companies. Free Electrons is backed by an international alliance of utilities and accelerators: AusNet Services, Dubai Electricity and Water Authority (DEWA), ESB (Electricity Supply Board), EDP (Energias de Portugal), innogy, Origin Energy, SP Group and Tokyo Electric Power Company (TEPCO), with the support of accelerator partners, New Energy Nexus, swissnex San Francisco, Energy Excelerator, Powerhouse and Beta-i.