Shift EV
Shift EV converts existing ICE commercial vehicles into electric vehicles using proprietary Electrofitting modular kits and in-house lithium-ion batteries, delivered via a zero-upfront-cost Transition-as-a-Service subscription targeting FMCG, e-commerce, and OEM fleet operators across MENA and Europe.
- Company typePrivate
- Founded2019
- HeadquartersAl Jizah, Egypt
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Shift EV does
Shift EV is an Egyptian electric mobility technology company, founded in 2019 and headquartered in 6th of October City, Giza, that converts existing internal combustion engine (ICE) commercial vehicles into fully electric vehicles using a proprietary process called Electrofitting. The technology uses pre-engineered modular kits — plug-and-play drivetrains and lithium-ion battery packs — that integrate with existing vehicle chassis in under one hour on the production line, covering commercial classes from 1-tonne minivans to 9-tonne trucks across OEMs including Ford, Renault, Isuzu, Toyota, Suzuki, Citroen, and Chevrolet. The company operates its own battery manufacturing facility claiming 500 MWh/year production capacity and positions itself as MENA's largest battery pack OEM. Its product portfolio spans the Electrofitting conversion service, in-house designed lithium-ion battery packs offered under a Battery-as-a-Service model, and ShiftWare, a real-time fleet management platform with AI-based route optimization and predictive maintenance.
The company monetizes primarily through a Transition-as-a-Service (TaaS) subscription model, launched in May 2023, where customers pay a fixed monthly fee with zero upfront capital expenditure and Shift EV is repaid from the customer's reduced fuel and maintenance savings. Disclosed customer outcomes include approximately 60% operating expense reduction from day one versus diesel fleets, 99.9% uptime SLAs, and reported case-study results such as 70% operating cost reduction for Danone Egypt. Named enterprise customers span FMCG (Nestlé Egypt, Danone Egypt, Carrefour, Edita Trade & Distribution covering ~1,200 vehicles and 37M km/year), e-commerce/last-mile delivery (Mylerz), OEM manufacturing (Raya Auto for battery supply and co-manufacturing), and service fleets (ABS).
Shift EV is backed by Union Square Ventures, Algebra Ventures, Wamda Capital, and Oman Technology Fund, with cumulative disclosed funding of approximately $17.6M across a 2021 seed round, a 2022 Series A ($9M), and a 2023 SEC Form D filing (over $6.25M raised of a ~$10M target). The company maintains a Boston office supporting North American engagement and opened a Madrid office in 2025 to lead its first European market entry in Spain, where its first electrofitted 3.5t van went on the road in September 2025. As of mid-2025, hundreds of vehicles were reported on the road with over 12 million kilometers traveled cumulatively.
Shift EV firmographics
Firmographics- Name
- Shift EV
- Legal name
- Shift EV, Inc.
- Website
- https://shift-ev.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Shift EV converts existing ICE commercial vehicles into electric vehicles using proprietary Electrofitting modular kits and in-house lithium-ion batteries, delivered via a zero-upfront-cost Transition-as-a-Service subscription targeting FMCG, e-commerce, and OEM fleet operators across MENA and Europe.
- Ownership category
- akta.pro rank
Shift EV industry classification
Industry- Product category
- Fleet Electrification Services
- NAICS
- Motor Vehicle Electrical and Electronic Equipment Manufacturing (336320), Motor Vehicle Transmission and Power Train Parts Manufacturing (33635), Passenger Car Rental and Leasing (53211)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600), Motors & Generators (3621), Services-Auto Rental & Leasing (No Drivers) (7510)
- akta.pro primary industry
- EV Retrofit & Electrification Conversions (Fleet/Commercial) (TLAKAMAK)
- akta.pro secondary industries
- EV & Hybrid Battery Service, Diagnostics & Reconditioning (TLAKAMAA), EV/Hybrid Service & Battery Repair (TLAKAAAJ), Hybrid Powertrain Integration Manufacturing (ICE-HEV/PHEV modules) (IMACAHAJ), EV Fleet Leasing & Subscription (EVs, Charging Bundles, Battery-as-a-Service) (TLABAHAH)
Keywords
Where Shift EV is headquartered
LocationHeadquarters
- HQ city
- Al Jizah
- HQ country
- Egypt
- HQ region
- Africa
Offices3 records
Markets served
Shift EV business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Transition-as-a-Service (TaaS) Subscription: Fixed monthly subscription model where fleets pay from their reduced fuel and maintenance expenses. No upfront cost - Shift EV covers conversion costs and customers repay through savings. Includes battery leasing, buyback guarantees, and uptime SLAs.
- Battery-as-a-Service: Leasing batteries from Shift EV removes uncertainty around capacity-fade and resale value, turning volatile costs into one predictable monthly charge. Shift EV handles degradation, replacement, and residual-value risk.
- Electrofitting Conversion Service: Converting customer-owned ICE vehicles to electric using proprietary electrofitting technology. Customers can bring their own vehicle to be electrofitted, or lease a pre-electrofitted vehicle.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Transition-as-a-Service (TaaS) - Zero upfront cost fleet electrification |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Shift EV product offering
Product offeringCore offering
Shift EV converts existing internal combustion engine commercial vehicles into electric vehicles using its proprietary Electrofitting technology — modular, plug-and-play drivetrains integrated into existing chassis in under one hour. The company designs and manufactures lithium-ion battery packs in-house (delivered as Battery-as-a-Service) and bundles its ShiftWare fleet management software with every converted vehicle. The full offering is delivered via a Transition-as-a-Service (TaaS) subscription model with zero upfront cost, covering commercial classes from 1-tonne vans to 9-tonne trucks across Ford, Renault, Isuzu, Toyota, Suzuki, Citroen, and Chevrolet OEMs.
Product overview
Shift EV offers a unified fleet electrification platform centered on its proprietary Electrofitting technology, which converts existing ICE commercial vehicles to electric using modular plug-and-play drivetrains and in-house manufactured lithium-ion battery packs. The platform is complemented by ShiftWare, a fleet management software providing real-time monitoring and AI-based optimization, all delivered through a Transition-as-a-Service (TaaS) subscription model. The product portfolio covers commercial vehicle classes from 1-tonne minivans to 9-tonne trucks across multiple OEMs including Toyota, Ford, Renault, Isuzu, Suzuki, Citroen, and Chevrolet.
Differentiator
Problem solved
Functional benefit
Brands
- Electrofitting: Proprietary technology that converts existing internal combustion engine commercial vehicles to fully electric vehicles in under an hour
- ShiftWare
- Transition-as-a-Service (TaaS)
Products and services
- Electrofitting Proprietary technology that converts existing internal combustion engine (ICE) commercial vehicles into fully electric vehicles using modular plug-and-play drivetrains and battery packs, completed in under one hour on the production line. Supports commercial vehicle classes from 1-tonne vans to 9-tonne trucks across Ford, Renault, Isuzu, Toyota, Suzuki, Citroen, and Chevrolet OEMs. Designed for enterprise fleet operators seeking to electrify without replacing existing chassis.
- Lithium-Ion Battery Packs (Battery-as-a-Service) In-house designed and manufactured lithium-ion battery packs offered as Battery-as-a-Service (BaaS) for commercial vehicle classes from 1-tonne vans to 9-tonne trucks. Shift EV handles degradation, replacement, and residual-value risk, providing a predictable monthly charge and continuous chemistry and form-factor upgrades over the vehicle's life without full vehicle replacement.
- ShiftWare Fleet Management Platform Real-time fleet management platform included as standard with every Shift EV vehicle, providing live insights on battery health, range, uptime, energy use, and cost savings, with AI-based route optimization and predictive maintenance capabilities. Supports enterprise fleet operators managing electrified commercial fleets.
- Transition-as-a-Service (TaaS) Subscription Fixed monthly subscription offering that bundles vehicle electrofitting, Battery-as-a-Service, and ShiftWare fleet management into one contract. Requires zero upfront capital from the customer; Shift EV covers conversion costs and is repaid from the customer's reduced fuel and maintenance savings. Includes buyback guarantees and 99.9% uptime SLAs. Available to enterprise fleet operators in FMCG, e-commerce, logistics, and service verticals.
Quantifiable outcome
- ~60% operating expense reduction from day one compared to diesel fleets
- +8 more outcomes
Companies that use Shift EV
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Shift EV technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Shift EV partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, flagship and minor.
- Edita Trade & DistributioncorePartnership to electrify ETD's nationwide distribution fleet of approximately 1,200 vehicles covering 37 million kilometers annually. Supports ETD's operational modernization strategy and serves 55,000 clients nationwide.
- ABScoreABS partners with Shift EV to electrify their fleet.
- CarrefourflagshipCarrefour announced as Shift EV's latest partner, with entire fleet electro-fitted in a matter of days.
- Raya AutocoreStrategic battery supply partnership where Shift EV supplies locally manufactured lithium-ion batteries to power Raya Auto's light e-mobility products. Both companies intend to expand partnership across range of EV products. Marks first regional alliance capable of deep localization of electric mobility technology in MENA.
- Danone EgyptcoreStrategic partnership converting 50% of Danone Egypt's distribution fleet to electro-fitted refrigerated trucks. Aims to reduce carbon emissions by 6,000+ metric tons (equivalent to planting 240,000 trees until 2030) with 70% reduction in operating costs.
- MylerzcoreAgreement to convert Mylerz logistics vehicle fleet to electric vehicles using electrofitting technology. Fleet electrification in batches over 2023-2024 as fleet expands to support e-commerce market growth. First EV deployment in Egyptian e-commerce market.
- Nestlé EgyptcoreFirst-ever full electrification program in FMCG market in Africa and MENA. Converting Nestlé's logistics fleet to electric using Electrofitting technology for vehicles with 0.5-4 ton payload capacities. Supports Nestlé's Net Zero commitments by 2050.
- TraxlminorEgyptian startup supporting pilot deployment of Shift EV's technology in Nestlé's operations. Traxl provides trucking platform for visibility across supply chain.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Shift EV competitors and assessment
Company assessmentDirect peers
- SEA Electric: Australia/US-based company that repowers commercial ICE trucks and vans to fully electric powertrains. Directly comparable to Shift EV's Electrofitting model and target fleet customer base.
- Lightning eMotors: US-based provider of electric powertrains and conversion kits for medium-duty commercial fleets (vans, shuttle buses, trucks). Direct competitor in the fleet EV conversion and battery integration space.
- Motiv Power Systems: US manufacturer of all-electric chassis and powertrains for medium-duty commercial vehicles including step vans, box trucks, and buses. Comparable as a chassis-integrated commercial EV supplier with a fleet focus.
- Xos Trucks: US-based manufacturer of electric medium- and heavy-duty commercial vehicles targeted at last-mile delivery and fleet customers. Competes in the same commercial fleet electrification category as Shift EV.
- Workhorse Group: US-based manufacturer of electric delivery vans and drones serving last-mile and commercial fleet customers. Comparable target customers and use cases in commercial EV fleet deployment.
- Arrival: UK-based electric commercial vehicle OEM producing vans and buses for fleet customers. Direct peer in purpose-built commercial EVs targeting similar fleet operator use cases.
- Orange EV: US-based manufacturer of electric terminal trucks (yard hostlers) for fleet customers. Comparable in serving commercial fleet operators with purpose-built, duty-cycle-specific electric vehicles.
- Volta Trucks: European manufacturer of purpose-built electric commercial vehicles (16t trucks) for urban logistics fleets. Comparable in the fleet electrification value proposition though focused on new vehicle production rather than retrofit.
- GreenPower Motor Company: Canada-based manufacturer of electric buses, trucks, and vans for commercial and transit fleets. Comparable in serving fleet customers with purpose-built commercial EVs across multiple vehicle classes.
Emerging players
- BasiGo: Kenya-based electric mobility company focused on electric buses and matatus in East Africa. Closest emerging-market peer to Shift EV's Africa commercial fleet electrification mission, though focused on passenger transit.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Shift EV social profiles
Digital presenceShift EV financial estimates
Financial estimateRevenue estimate
Valuation estimate
Shift EV leadership team
Management profileNumber of profiles
Profiles6 records
Shift EV funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Shift EV M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Shift EV
What does Shift EV do?
Shift EV converts existing internal combustion engine commercial vehicles into electric vehicles using its proprietary Electrofitting technology — modular, plug-and-play drivetrains integrated into existing chassis in under one hour. The company designs and manufactures lithium-ion battery packs in-house (delivered as Battery-as-a-Service) and bundles its ShiftWare fleet management software with every converted vehicle. The full offering is delivered via a Transition-as-a-Service (TaaS) subscription model with zero upfront cost, covering commercial classes from 1-tonne vans to 9-tonne trucks across Ford, Renault, Isuzu, Toyota, Suzuki, Citroen, and Chevrolet OEMs.
Is Shift EV a public or private company?
Shift EV is a private company. It is classified as venture growth investor backed and is currently operating.
When was Shift EV founded?
Shift EV was founded in 2019. It employs 51 to 100 people.
Where is Shift EV based?
Shift EV is headquartered in Al Jizah, Egypt, in the Africa region.
How does Shift EV make money?
Three revenue lines are on record. Transition-as-a-Service (TaaS) Subscription is the primary driver. The others are battery-as-a-Service and electrofitting Conversion Service.
Who are Shift EV's main competitors?
Direct peers on record are SEA Electric, Lightning eMotors, Motiv Power Systems, Xos Trucks, Workhorse Group, Arrival, Orange EV, Volta Trucks and GreenPower Motor Company. BasiGo is listed as an emerging player.
Does Shift EV have an API?
No public API is recorded for Shift EV.
What industry is Shift EV in?
Shift EV's product category is Fleet Electrification Services. Its primary akta.pro industry code is TLAKAMAK, EV Retrofit & Electrification Conversions (Fleet/Commercial), with a secondary code of TLAKAMAA, EV & Hybrid Battery Service, Diagnostics & Reconditioning. Its NAICS code is 336320 and its SIC code is 3600.