Shift EV
Latest round
- Series A
Last raised
- Apr 2022
Total raised
- $9M
Investors
- 4
About Shift EV
Based in Greater Cairo, Egypt, and founded in 2019 by Aly El Tayeb (CEO), and Amr Helmy (CTO), Shift EV is an electric mobility startup that converts fossil-fuel-powered vehicles to electric vehicles for a fraction of the cost of a new electric vehicle. As of June 2022, the company has locations in Egypt and New York. The company creates lithium-ion battery packs that are installed in the existing chassis to provide electric mobility in minivans and tricycles. Shift EV has also developed ShiftWare fleet management software, which allows fleet managers to remotely monitor their fleet's movement, achieved savings, electricity consumed, emissions eliminated, available battery range, and mileage. The company collects fleet vehicle information, costs, and routes in order to provide fleet managers with a personalized electrification proposal. Furthermore, the company offers driver training classes as well as a full charging setup, once they are converted to EVs. The company intends to use the April 2022 funds to onboard more clients and scale its operations across Middle East and North Africa (MENA). The company also aims to expand its operations to pick-up vans, in addition to tricycles and minivans.
Who invested in Shift EV
4 investors across 2 rounds
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Questions about Shift EV
Who invested in Shift EV?
Shift EV has 4 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Shift EV raised?
Shift EV has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Shift EV last raise money?
Shift EV's most recent round on record is a Series A, in Apr 2022.
What does Shift EV do?
Based in Greater Cairo, Egypt, and founded in 2019 by Aly El Tayeb (CEO), and Amr Helmy (CTO), Shift EV is an electric mobility startup that converts fossil-fuel-powered vehicles to electric vehicles for a fraction of the cost of a new electric vehicle.
Where is Shift EV headquartered?
Shift EV is headquartered in 6th of October, Egypt.
Which VCs invest in companies like Shift EV?
Among active investors with capital left to deploy, WestBridge Capital Partners, Ventures Platform, Persistent Energy Capital and Norrsken22 back electronics companies at Shift EV's stage. Their profiles are linked below.
VCs backing electronics startups at Series A
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