Shift Raises $140 Million Series D. Partners with Lithia.

Shift Lithia - Buy & Sell Car Inspection

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.

Shift & Lithia’s partnership sets us up for growth

As a company, Lithia has impressed us in many ways. They’ve gained a loyal and passionate customer base and are one of the country’s largest auto retailers – they operate in 160 stores in 18 states! By working together, we believe the possibilities are endless. Bryan DeBoer, Lithia’s CEO, will be joining Shift’s board of directors. His vision, commitment, and creative nature are what drew us to Lithia in the first place, and I know these attributes will serve us well.

Whether you’re using Shift’s platform to buy a car, sell a car, or just to browse our impressive inventory, our goal is to provide you with as many options as possible. And with Lithia by our side, we know we’ll do an even better job making car ownership easy, transparent, and fun.

Last but not least, with this new funding, we’re going to be quickly building up our team, particularly the engineering side, which we hope to double over the next 12 months. If you’re interested in working at Shift, please check out our jobs page and consider coming onboard.

George, Toby, and Christian

 

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