We’re Partnering with Lithia, and have $140 million more in the bank!
At Shift, we recognize that mobility comes in many forms. Whether you’re biking across town, navigating the subway, or driving a car, everyone should have access to safe, reliable, and affordable transportation. Having a car affords you the freedom and flexibility to always get where you need to be, whether it’s a last minute trip to Yosemite or a quick run to the market.
Access to car ownership isn’t merely a convenience; it changes people’s lives. And good things happen when people have mobile freedom.
For the last four and a half years, we’ve been on a mission to make car purchase and ownership simple by building a technology platform that brings fun and fairness to the car marketplace. And today, we make a big step in our journey forward.
We’re excited to announce our Series D of over $140 million led by Lithia (NYSE), one of the nation’s leading auto retailers. We’re also launching a national partnership with Lithia, which will help us scale the product our customers love to more locations quickly.
Continue reading “Shift Raises $140 Million Series D. Partners with Lithia.”
It was just a little over three years ago that we sold our first Shift car in San Francisco. Since that time, we’ve become the number one used car seller in the Bay Area, grown our team by 100x, and expanded to several new markets. It’s been a wild ride.
And thanks to some recent financing by leading investors, we’re in it for the long haul. Last month, BMW iVentures, DCM, G2 Ventures, Goldman Sachs, and Highland Capital invested more than $38 million in Shift’s Series C. To date, we have raised more than $110 million. Continue reading “Announcing Our Latest Fundraise”
From the beginning, we’ve believed that car buying should be simple and fair. In April, we wrote about our recent updates to Shift and how we’ve taken steps towards that goal.
Progress has continued in the months since, and while we aren’t anywhere close to done, I just wanted to take a step back and make 8 arguments for why we think that’s true: Continue reading “8 Reasons Shift is the Simplest, Fairest Way to Buy a Used Car”
It was just three years ago this month that our team sold our first car using a new platform we were creating, and boom: Shift was born. But things were a lot different back in 2014. We were working out of my apartment living room and parking cars on the street (or in the Costco parking lot), and doing the sales ourselves, all because we had this crazy idea about transforming the used car industry. Needless to say, it was a wild first couple of months.
Since that time, we have become the largest used-car seller in the Bay Area, built an incredible team, expanded to new markets, brought on board great investors, and have thousands of happy customers. It’s an awesome time for Shift and we are all incredibly bullish about where we are headed. Continue reading “Congratulations Minnie!”
We gave away a car for the first time last Thanksgiving and weren’t sure how it would go. We did it in the spirit of the season to thank our customers for making Shift the largest seller of used cars in the Bay (we’re still really grateful for that, thanks again to everyone who’s worked with us.) It turned out great, and the peak driving season of summer is now here, so we’re doing it again.
Enter Shift’s BMW summer giveaway > Continue reading “Shift is Giving Away a BMW This Summer”
San Diego—here we come! We’re thrilled to announce that beginning today, Shift will begin offering test drives and selling cars in San Diego. Continue reading “Shift Now Proudly Offering Test Drives in San Diego”
2017 is off to a strong start and Shift ended last year on a high note. We announced a pilot partnership with Hertz, built an incredible new lending product, and continue to attract top-tier talent. We are excited for the year ahead and look forward to entering new markets and growing in the cities we are already in. Continue reading “Company Update from our CEO: Introducing Buyer Inside Sales”
We’re pretty committed to doing whatever we can to take uncertainty out of the decision to purchase a used car. That’s why we’re happy to announce that a 30-day, 1,000 mile limited warranty now comes standard with every Shift Certified car. Continue reading “30-Day Warranty now Included with Every Shift Certified Vehicle”
A little more than two years ago, my cofounders and I embarked on a crazy mission to change one of the worst consumer experiences out there: car buying. We ran our tiny operation from the sidewalks and parking lots of San Francisco with a firm belief in customer experience and fueled by good faith.
Continue reading “A Token of Gratitude from Shift: a Car Giveaway”
In the fall of 2015, Shift was quickly hiring the team and expanding operations. Things were rapidly changing and we realized that we were at risk of outpacing our own culture if we didn’t take a step back to reflect.
Continue reading “Defining Shift’s Values: the Rewarding (and Surprisingly Hard) Process of Distilling What Matters”