Automotive sales services provider Shift Technologies raised debt and equity financing in a round led by Lithia Motors and backed by BMW i Ventures.

Automotive retailer Lithia Motors invested $54m yesterday to lead a series D round for US-based online vehicle sales service provider Shift Technologies consisting of more than $140m in equity and debt financing. BMW i Ventures, the strategic investment arm of automotive manufacturer BMW, and Alliance Ventures, which represents carmakers Renault, Nissan and Mitsubishi, also took…

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