About Shift
Shift Technologies, Inc. simplifies the buying and selling of used cars through its online platform. Customers can browse a wide selection of inspected vehicles, schedule home test drives, and complete purchases quickly, while sellers benefit from no-haggle pricing and a streamlined selling process. Unlike traditional dealerships, Shift focuses on transparency and efficiency, offering competitive prices and financing options. The goal is to transform the used car market by providing a hassle-free experience for both buyers and sellers.
San Francisco, CaliforniaHeadquarters
2014Year Founded
$218.9MTotal Funding
IPOCompany Stage
Automotive & Transportation, FintechIndustries
201-500Employees
Benefits
Flexible work schedule
Generous parental leave
Remote work program
Health insurance benefits
Generous PTO
Company equity
Risks
Shift's recent bankruptcy filing may erode consumer trust and sales.
Integration challenges from the CarLotz merger could disrupt operations.
Increased competition from online-savvy dealerships threatens Shift's market share.
Differentiation
Shift offers a 150-point inspection and detailed vehicle history reports.
Shift provides a seamless online car buying experience with home test drives.
Shift's no-haggle pricing ensures competitive offers for sellers.
Upsides
Shift's merger with CarLotz expands its geographic footprint and retail presence.
Partnerships with fintech enhance Shift's financing options for customers.
The rise of online car buying trends benefits Shift's business model.
Funding
Total raised$218.86 M
Latest valuation$200.00 M
StageIPO
POST IPO DEBT
11/30/2021$100
POST IPO EQUITY
9/30/2020$185
IPO
5/31/2019$10
SERIES D
3/31/2019$40
$200.00 MSERIES C
6/30/2017$38
$190.00 M$50
$250.00 M