Shift EV develops Lithium-ion battery packs and electrofitting solutions to convert traditional commercial vehicles into electric ones, enabling businesses to reduce fuel and maintenance costs by up to 80%. Their technology allows for a seamless transition to electric mobility without upfront investment, addressing the need for sustainable fleet operations while minimizing carbon emissions.
Funding
$17.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many commercial vehicle fleets face increasing pressure to reduce operating costs and carbon emissions, but the high upfront investment required for new electric vehicles (EVs) can be a significant barrier. Fleet operators also want to extend the lifespan of their existing vehicles while adopting sustainable practices.
Solution
Shift EV offers electrofitting solutions that convert existing internal combustion engine (ICE) commercial vehicles into electric vehicles (EVs) by replacing the engine with a lithium-ion battery pack and electric drivetrain. This approach allows businesses to transition to electric mobility without the capital expenditure of purchasing new EVs. Shift EV's solutions include the battery pack, charging stations, and a fleet management platform called Shiftware, providing a comprehensive electrification solution. The electrofitting process extends the vehicle's lifespan, reduces fuel and maintenance costs, and contributes to a smaller carbon footprint.
Target Audience
Shift EV targets commercial vehicle fleets, including delivery vans and pick-up trucks, across various industries such as logistics, transportation, manufacturing, and public services.
Features
- Lithium-ion battery packs designed for seamless integration with existing vehicle chassis
- Electrofitting process to replace ICE with a fully electric drivetrain
- Shiftware fleet management platform for real-time monitoring and control
- Charging stations to support electric vehicle fleets
- Extends the lifespan of existing commercial vehicles
- Reduces fuel and maintenance costs by up to 80%
- Contributes to a greener future by lowering carbon emissions