Shift Technologies Merges with Car Dealership CarLotz

Used car dealer Sift Technologies, which is listed on the Nasdaq stock exchange, will merge with CarLotz, which is also present in the car trading sector.

As a result of the merger, the new company will be listed on the exchange under Shift's ticker SFT. It is significant that the founder and head of Shift, George Arison (Irakli Areshidze), who was born in Tbilisi, will leave the position of CEO - he will be replaced by Jeff Clements.

Shift Technologies was founded by a Georgian entrepreneur in 2013, the online platform for the sale of used cars has generated a cumulative revenue of 2 billion dollars since its inception.

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Shift Technologies Merges with Car Dealership CarLotz

Last 7 Days Hot Topic

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 01

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 02

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 03

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 04

Georgia Sees Surge in Electric Vehicle Registrations 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
01

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
02

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
03

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
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Georgia Sees Surge in Electric Vehicle Registrations
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