Shift EV

Shift EV develops and installs "electrofitting" kits that convert commercial vehicles a fleet already owns into electric vehicles. Its product line covers plug-and-play EV drivetrains designed to integrate into a range of chassis, plus lithium-ion battery packs. Alongside the conversion, the company installs on-site charging and provides fleet management software as part of the standard offering.

The company states that conversions are performed in under an hour using modular kits, and markets outcomes including roughly 60% lower operating expenses from the point of conversion. Buyback and leasing options are offered to reduce the risk of a fleet's transition. Shift EV addresses FMCG, service, e-commerce and OEM segments, and publishes a savings calculator and news resources on its site.

Business model

Shift EV covers the upfront cost of converting a customer's vehicles and is repaid out of a share of the operating-cost savings the fleet realises, so customers pay nothing at the point of conversion. Buyback and leasing arrangements are also offered.

Repayment from a portion of the customer's operating savings following conversion, with leasing and buyback options available; on-site charging installation and fleet management software are bundled with the retrofit.

Traction

Publicly cited collaborations with Raya Auto (lithium-ion battery technology), last-mile operator Mylerz (vehicle electrofitting) and Danone Egypt.