| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
17 |
| Employees |
200 |
| Revenues (TTM) (Millions $) |
329 |
| Net Income (TTM) (Millions $) |
-137 |
| Cash Flow (TTM) (Millions $) |
-68 |
| Capital Exp. (TTM) (Millions $) |
10 |
Business Description
Shift Technologies Inc, founded in 2013, is an online marketplace that enables its users to buy and sell used cars from the comfort of their homes. The company is headquartered in San Francisco, California, and operates in several major metropolitan areas, including Los Angeles, San Diego, and Washington DC.
Shift functions as a fully remote company and competes with other online used-car marketplaces such as Carvana and Vroom. One of the unique features is that Shift sends a car to a prospective buyer's home, allowing the shopper to test drive the vehicle at their leisure.
The company is backed by a range of investors, including Goldman Sachs and DCM Ventures, and has raised over $300 million in funding to date. In January 2021, it announced that it would merge with Insurance Acquisition Corp, with the aim of becoming a publicly-traded company on the NASDAQ.
Shift prides itself on offering a hassle-free car-selling experience for sellers, complete with a professional inspection before the vehicle is listed for sale on its website. The company also provides financing options to help buyers purchase vehicles and offers warranties for certain cars, making it a one-stop-shop for both buyers and sellers.
Overall, Shift Technologies Inc aims to disrupt the traditional car-buying and selling process by providing a more accessible, convenient, and transparent solution for users.
Company Address: 290 Division Street San Francisco 94103 CA
Company Phone Number: 575-6739 Stock Exchange / Ticker: NASDAQ SFT
|
%
6.13% 