Egyptian Electric Mobility Startup Shift EV Raises Series A Round

Shift EV, an Egypt-based electric mobility startup, has raised an undisclosed Series A, backed by the startup’s existing investors; Union Square Ventures, Algebra Ventures, Wamda, and was joined by a first-time investor Oman Technology Fund (OTF).

Shift EV converts existing fuel-run vehicles into electric ones using its in-house designed and manufactured batteries. Shift currently caters to e-commerce, last-mile delivery, and distribution companies. The startup has developed a real-time sensor data connectivity system that integrates into its vehicle through a dashboard.