Motive IPO

gomotive.com

Motive was founded in 2013 by Obaid Khan, Ryan Johns, and Shoaib Makani. When asked about the possibility of an IPO, CEO Makani did not discuss specifics, but did say "We definitely think about building a long-term, independent company and that's a potential path." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Motive offers AI-powered fleet management hardware and software to a number of companies, including Carvana and JB Hunt Transportation. The company has raised more than $400 million in venture capital funding from investors including World Innovation Lab, Scale Venture Partners, Institutional Venture Partners, Index Ventures, Itochu Corp., and BlackRock. A June 2021 equity round brought in $190 million in new funding and resulted in a post-money valuation of $2.3 billion.

Up until April 2022, Motive was previously known as KeepTruckin to reflect its expension and service offering across a broader range of industries.

Founded2013
Total Funding to Date$451.62MM
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Motive Ticker Symbol

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Motive Stock Price

The stock price for Motive will be known as it becomes public. Here are similar public companies: Tesla (NAS: TSLA), Rivian (NAS: RIVN), Ford (NYS: F), Uber (NYS: UBER), Lyft (NAS: LYFT).

Major Investors for Motive

Index Ventures
Greenoaks Capital
Institutional Venture Partners
Kleiner Perkins
BlackRock
Scale Venture Partners
ITOCHU Corporation

Motive Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO Valuation
5/25/2022 Series F $150MM raised $XXX.XX $XXX.XX
6/17/2021 Series E $100MM raised $XXX.XX $XXX.XX
4/23/2019 Series D $120MM raised $XXX.XX $XXX.XX
12/28/2017 Series C $50MM raised $XXX.XX $XXX.XX
5/18/2017 Series B $15.9MM raised $XXX.XX $XXX.XX
10/29/2015 Series A $15.72MM raised $XXX.XX $XXX.XX
Based on primary financings
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