Shift EV
Electrifying fleets in emerging markets
Electrifying fleets in emerging markets
Shift EV is an electric mobility technology startup founded in 2019 with a mission to electrify fleets in emerging markets, one decade faster. Based in Egypt, its slogan, "Electrifying fleets in emerging markets", encapsulates its vision. The company recently secured a significant $6.25M Venture Round investment on 14 August 2023, illustrating growing investor interest in the potential of electric mobility in emerging economies. As the global shift towards sustainable transportation gains momentum, Shift EV's focus on this niche market presents an appealing investment opportunity for venture capitalists seeking exposure to the burgeoning electric vehicle sector in burgeoning economies.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Venture Round | $6.25M | - | 14 Aug 2023 | |
| Series A | $9.00M | 4 |
|
08 Apr 2022 |
| Seed Round | $2.33M | - | 19 Apr 2021 |
No recent news or press coverage available for Shift EV.
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