Motive

About

Motive builds technology to improve the safety, productivity and profitability of businesses that power the physical economy.

San Francisco,California,United States
1001 - 5000
http://gomotive.com

Highlights

Details

Last Funding Type: Series F
Last Funding Money Raised: $150M
Industries: Artificial Intelligence,Logistics,SaaS,Transportation
Founded date: Jan 1, 2013
Number Of Employee: 1001 - 5000
Operating Status: Active
Legal Name: Motive Technologies, inc.

Motive is a remote-first company that serves more than one million drivers and over 100,000 businesses that power the physical economy by building technology to improve the safety, productivity, sustainability, and profitability of businesses that power the physical economy. Shoaib Makani and his co-founders Ryan Johns and Obaid Khan founded the company in 2013 to serve the trucking industry, a workforce that is essential to the economy but underserved by technology. The Motive Automated Operations Platform combines IoT hardware with AI-powered applications to automate vehicle and equipment tracking, driver safety, compliance, maintenance, spend management, and more. Motive serves more than 120,000 businesses, across a wide range of industries including trucking and logistics, construction, oil and gas, food and beverage, field service, agriculture, passenger transit, and delivery. Motive has more than 3,500 employees across 8 global offices.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

9

$567.30M

Motive has raised a total of $567.30M in funding over 2 rounds. Their latest funding was raised on May 25, 2022 from a Series F round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
May 25, 2022	Series F	$150M	8	Insight Partners Kleiner Perkins	—	Detail
Dec 2, 2021	Secondary Market	—	1	—	—	Detail
Apr 30, 2021	Series E	$190M	7	G2 Venture Partners	—	Detail
Sep 10, 2019	Corporate Round	—	2	ITOCHU Corporation	—	Detail
Apr 23, 2019	Series D	$149M	5	Greenoaks	—	Detail

Investments

Number of Investments

Number of Lead Investments

2

0

Motive has made 2 investments. Their most recent investment was on Nov 16, 2022, when Virtualness raised $8M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Nov 16, 2022 Virtualness	Seed	$8M	Information Technology	—
May 30, 2021 Plum	Series A	$15.60M	Employee Benefits	—

Investors

Number of Lead Investors

Number of Investors

8

17

Motive is funded by 17 investors. Insight Partners and Kleiner Perkins are the most recent investors.

Investor Name	Lead Investor	Funding Round
Insight Partners	Yes	Series F
Kleiner Perkins	Yes	Series F
G2 Venture Partners	Yes	Series E
ITOCHU Corporation	Yes	Corporate Round
BBQ Capital	—	Series F
Greenoaks	—	Series F
GV	—	Series F
Index Ventures	—	Series F
IVP	—	Series F
Scale Venture Partners	—	Series F