Shift Technologies
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|---|---|
Revenues | 132m | 166m | 196m | 637m | 671m | 201m | 228m |
% growth | 39 % | 26 % | 18 % | 225 % | 5 % | (70 %) | 13 % |
EBITDA | (42.0m) | (73.6m) | (71.7m) | (171m) | (177m) | - | - |
% EBITDA margin | (32 %) | (44 %) | (37 %) | (27 %) | (26 %) | - | - |
Profit | (45.0m) | (80.5m) | (59.1m) | (166m) | (172m) | - | - |
% profit margin | (34 %) | (48 %) | (30 %) | (26 %) | (26 %) | - | - |
EV / revenue | - | 12.3x | 2.4x | 0.5x | 0.2x | - | - |
EV / EBITDA | - | -27.8x | -6.4x | -1.9x | -0.9x | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
$24.0m | Series A | ||
$50.0m | Series B | ||
$38.0m | Series C | ||
N/A | Series C | ||
$71.0m | Series D | ||
N/A | $40.0m | Series D | |
N/A | $9.9m | IPO | |
* | $185m | Post IPO Equity | |
* | $100m | Post IPO Debt | |
Total Funding | CAD307m |
Related Content
Recent News about Shift Technologies
EditShift Technologies, Inc. is a forward-thinking company that has revolutionized the way people buy and sell used cars. Operating primarily in the online automotive market, Shift serves a diverse range of clients, including individuals looking to purchase a reliable used vehicle and those wanting to sell their cars without the hassle of traditional dealerships.
Shift's business model is centered around providing a seamless, transparent, and efficient car buying and selling experience. Customers can browse thousands of high-quality, verified used cars on Shift's website, all of which have undergone a rigorous 150-point inspection by certified mechanics. Each vehicle comes with a complete history report, ensuring buyers have all the information they need to make an informed decision.
The buying process is designed to be straightforward and stress-free. Customers can shop for cars online based on their preferences, arrange for a test drive from the comfort of their home, and complete the purchase within about an hour. Shift offers competitive financing options, including prequalification and a car loan calculator, to help buyers find the best financial solution for their needs. Additionally, the company provides protection plans for added peace of mind.
Shift also caters to sellers by offering a convenient and fair way to sell their cars. The company promises no-haggle pricing, ensuring that sellers receive a competitive offer without the need for stressful negotiations. Once an offer is accepted, Shift handles the entire process, including vehicle pickup and payment.
Shift makes money through the sale of used cars and the financing options it provides. By streamlining the buying and selling process and eliminating the need for physical dealerships, Shift can offer competitive prices and a superior customer experience.
In summary, Shift Technologies, Inc. is transforming the used car market with its innovative online platform, providing a hassle-free, transparent, and efficient way for customers to buy and sell used cars.
Keywords: used cars, online platform, transparent process, no-haggle pricing, home delivery, financing options, vehicle inspection, car history report, test drive, customer-centric.