# SHAED

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shaed

- Industry: Software
- Headquarters: Minneapolis, US
- Website: www.shaed.ai
- Total disclosed funding: $5.7M
- Latest round: Seed (Jun 1, 2023)
- Investors on record: 2

## About

Based in Minnesota, US, and founded by Ryan Pritchard (CEO) in 2021, Shaed operates as a software-as-a-service (SaaS) company offering a platform for the electric vehicle mobility sector to simplify the process of procuring alternative fuel and sustainable vehicles. In May 2024, Shaed raised USD 5.7 million in seed funding led by investor EnerTech Capital Partners, with participation from another investor Powerhouse Ventures. 

The company platform offers an online dealership experience through its Marketplace, designed specifically for electric vehicles (EVs) and adaptable to emerging technologies like hydrogen and autonomous vehicles. The platform integrates various modules to expedite sales processes and addresses unique EV needs, including charging options, financing, and grant sourcing. Key products and services of SHAED include - Marketplace: A one-stop shop for EV procurement, integrating information from various modules for a cohesive buying experience; CPQ Solution: Simplifies vehicle configuration, pricing, and quoting, ensuring a seamless process with bundled solutions including chargers and financing; Logistics: Enhances transportation efficiency with pre-planned routes and delivery schedules; and Dashboard: Provides real-time insights into inventory lead times and build status updates, enabling strategic planning and coordination.

The company plans to utilize the May 2024 funding to expand its platform to include a software-as-a-service (SaaS)-based offering and enhance its growth, operations, and development efforts.

## Funding rounds

- Seed, Jun 1, 2023, $5.7M — EnerTech Capital, Powerhouse Ventures

## Investors

- EnerTech Capital (https://capitalatlas.ai/funds/enertech-capital) — Seed
- Powerhouse Ventures — Seed