Fundraising Fox

Shift EV

Boston, US · Founded 2020 · Delaware corporation · 4 known investors

shift-ev.com ↗

Shift EV converts commercial vehicle fleets to electric by retrofitting existing vehicles with battery packs and electric powertrains. The company serves logistics and delivery fleet operators across emerging markets and Europe.

Advanced ManufacturingCleantechClimate TechLogistics & Supply ChainMobility & Transportationin /shift-ev

Founders & leadership

AEAly Eltayeb
Aly EltayebExecutive Officer, Director

Investors · 4

Union Square Ventures (USV)New York · $1M – $20Mvia Albert Wenger · board
Wamda CapitalDubai · $600K – $65M
Algebra Venturesreported · 2 sourcesCairo · $500K – $4M
USV 2024reportedNew York

Reported raises · per SEC filings

Form D private placements
▶$6.2MraisedAug 2023 · 4 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Aly EltayebExecutive Officer, Director
  • Amr AbdelhamidDirector
  • Kartick KumarDirector
  • Albert WengerDirector
Offering amount
$10M
Amount sold
$6.2M
First sale
Aug 2023
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3.6MraisedJan 2022 · 5 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Albert WengerDirector
  • Amr AbdelhamidDirector
  • Aly EltayebExecutive Officer, Director
  • Karim HusseinDirector
Offering amount
$8M
Amount sold
$3.6M
First sale
Jan 2022
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.3MraisedApr 2021 · 7 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Aly EltayebExecutive Officer, Director
Offering amount
$2.3M
Amount sold
$2.3M
First sale
Apr 2021
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

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