About SHYFT Power Solutions
SHYFT Power Solutions is a company based in San Francisco (United States) founded in 2016 by Ugwem I. Eneyo and Cole Stites-Clayton.. SHYFT Power Solutions has raised $3.1 million across 4 funding rounds from investors including WeWork, Cisco and Ameren. SHYFT Power Solutions offers products and services including SHYFT Connect App and SHYFT FlexView App. SHYFT Power Solutions operates in a competitive market with competitors including Particle, Signify, Landis+Gyr, Tibber and PowerSecure, among others.
- Headquarter San Francisco, United States
- Founders Ugwem I. Eneyo, Cole Stites-Clayton
-
Sectors
TechnologyBusiness Services Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Shyft Power Solutions, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$3.1 M (USD)
in 4 rounds
-
Latest Funding Round
$3.1 M (USD), Seed
Apr 12, 2021
-
Investors
WeWork
& 6 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of SHYFT Power Solutions
SHYFT Power Solutions offers a comprehensive portfolio of products and services, including SHYFT Connect App and SHYFT FlexView App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for monitoring and controlling distributed energy resources.
App for viewing and optimizing energy system performance.
Unlock access to complete
Unlock access to complete
Funding Insights of SHYFT Power Solutions
SHYFT Power Solutions has successfully raised a total of $3.1M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $3.1 million completed in April 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $3.1M
-
First Round
First Round
(01 Jun 2017)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Seed - SHYFT Power Solutions | Valuation | TotalEnergies Carbon Neutrality Ventures , WeWork | |
| Oct, 2019 | Amount | Seed - SHYFT Power Solutions | Valuation | Ameren |
|
| Jun, 2018 | Amount | Seed - SHYFT Power Solutions | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SHYFT Power Solutions
SHYFT Power Solutions has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include WeWork, Cisco and Ameren. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital and infrastructure fund focused on technology and energy sectors
|
Founded Year | Domain | Location | |
|
Third Sphere is focused on supporting startup founders with early stage capital to reshape global systems.
|
Founded Year | Domain | Location | |
|
Tech and offline investments are made in Israel and Canada.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by SHYFT Power Solutions
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - SHYFT Power Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shyft Power Solutions Comparisons
Competitors of SHYFT Power Solutions
SHYFT Power Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Particle, Signify, Landis+Gyr, Tibber and PowerSecure, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
|
|
| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
|
|
| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
|
|
| domain | founded_year | HQ Location |
Provider of solutions for energy monitoring for residential building
|
|
| domain | founded_year | HQ Location |
Energy efficiency and smart grid management solutions
|
|
| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Shyft Power Solutions
Frequently Asked Questions about SHYFT Power Solutions
When was SHYFT Power Solutions founded?
SHYFT Power Solutions was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is SHYFT Power Solutions located?
SHYFT Power Solutions is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is SHYFT Power Solutions a funded company?
SHYFT Power Solutions is a funded company, having raised a total of $3.1M across 4 funding rounds to date.
What does SHYFT Power Solutions do?
Provider of IoT-based energy monitoring solutions for commercial spaces. It provides technology solutions for solar energy, power generator, inverters, and utility power. It also provides analytics tools for budget tracking and utility failure prevention.
Who are the top competitors of SHYFT Power Solutions?
SHYFT Power Solutions's top competitors include Particle, Landis+Gyr and Signify.
What products or services does SHYFT Power Solutions offer?
SHYFT Power Solutions offers SHYFT Connect App and SHYFT FlexView App.
Who are SHYFT Power Solutions's investors?
SHYFT Power Solutions has 7 investors. Key investors include WeWork, Cisco, Ameren, Total Carbon Neutrality Ventures, and LoftyInc Capital Management.