# Shift EV: Automotive, 6th of October City, Egypt

> Shift EV: Shift EV is an electric mobility technology startup based in Cairo, Egypt, focused on electrifying commercial vehicle fleets in emerging markets.

Source: https://millionrounds.com/startup/shift-ev (Millionrounds; every figure on the page links to its filing or article)

Egypt · [Automotive startup](https://millionrounds.com/companies)

# Shift EV

Shift EV is an electric mobility technology startup based in Cairo, Egypt, focused on electrifying commercial vehicle fleets in emerging markets.

Funding reported Last round: Undisclosed round

Automotive 6th of October City, Egypt

Company summary

- **Founded:** 2020 6 years old
- **Team:** 120 51 to 200 people
- **Funding reported:** 17.6M as listed, currency not stated
- **Last round:** Undisclosed round Aug 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Shift EV has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Shift EV

Shift EV is an electric mobility technology startup based in Cairo, Egypt, focused on electrifying commercial vehicle fleets in emerging markets.

Founded in 2019 by Aly El Tayeb and Amr Helmy, the company aims to accelerate the transition to electric vehicles (EVs) by using its proprietary "Electrofitting" technology. This process converts fossil-fuel-powered vehicles into electric ones quickly and cost-effectively, making it easier for businesses to meet sustainability goals. The company offers a range of services, including custom lithium-ion battery pack design, retrofitting of various vehicle types, and integration of charging infrastructure. Shift EV's product lineup includes electric minivans and pickup trucks, as well as ShiftWare, a fleet management software that monitors fleet performance and provides electrification proposals. Shift EV primarily serves commercial fleets in logistics and government sectors, with notable clients such as Danone, Nestlé, and Carrefour. The company has raised $9 million in Series A funding to support its growth and expansion across the MENA region and beyond.

## What company datasets say Shift EV raised

Funding, as reported

Reported in all **17.6M** in the source's currency

Rounds **3**

Last round **Undisclosed round**

Last round size **6.3M**

Last round date **Aug 2023**

Investors listed **4**

## Founders and team

From Shift EV's own website: 1 founder, 4 on the team.

**Aly Eltayeb** Co-Founder & CEO

- **Ahmed Hosny** VP of Engineering
- **Mayada Alayat** Head of Procurement
- **Rasha Hegazy** Head of Commercial Operations
- **John Kamel** Plant Director

## On 2 portfolio pages

Investors who name them

- [Wamda Capital](https://millionrounds.com/fund/wamda-capital)
- [King Philanthropies](https://millionrounds.com/fund/king-philanthropies)

Each firm lists Shift EV on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

business transformation green logistics clean energy & technology fleet optimization electric vehicle retrofit distribution reduced downtime manufacturing electrofitting scalable solutions urban logistics electrification commercial ev solutions electric mobility battery technology scalable ev solutions battery technology sustainability solutions

Built with from their website

GitHub Actions Google Tag Manager WordPress.org AWS CodeDeploy GitHub Google Workspace Gem Viewport Meta Hostgator Google Meet

+8 more

Weglot Google Font API Jenkins Mobile Friendly Multilingual Go Simulink Bootstrap

- **Sector:** Automotive
- **Industry code:** NAICS 33639, 336320, 335910, 811111, SIC 3711
- **Region:** Giza Governorate
- **Revenue:** 2M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/shift-ev)

## Automotive in Egypt

Startups like it

- [**Sylndr** Cairo · founded 2022 *Raised*](https://millionrounds.com/company/sylndr)
- [**rkoba.com** Cairo · founded 2015](https://millionrounds.com/startup/rkoba-com)
- [**Dano for tire trade and agency** Cairo · founded 2016](https://millionrounds.com/startup/dano-for-tire-trade-and-agency)
- [**Your Parts** Cairo · founded 2018](https://millionrounds.com/startup/your-parts)
- [**3atlana** Cairo · founded 2020](https://millionrounds.com/startup/3atlana)
- [**tawfiqia.com** Cairo · founded 2018](https://millionrounds.com/startup/tawfiqia-com)
- [**MAYDAY - Assistance Services** Cairo · founded 2018](https://millionrounds.com/startup/mayday-assistance-services)
- [**HOOD** Cairo · founded 2017](https://millionrounds.com/startup/hood-5)

## Is this your company?

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