Richard Elliott Friedman Professor of Jewish Studies at the University of Georgia in 2013 put forther this theory about the Exodus.
1) First off that it did happen
2) It was not the entire jewish people but rather the Levites who fled from Egypt
3) When the tribes of Isreal first untied togther the the Levites were given the role of being the preists so becuase of this specific role in Jeiwsh society they were able to adopt their story into the collective identity of Isreal and it's orgins
https://reformjudaism.org/exodus-not-fiction