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.
Motive does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
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).
| Date | Funding Round | Funding Raised | Price per Share | IPO Valuation |
|---|---|---|---|---|
| 5/25/2022 | Series F | $2.85B | $XXX.XX | $XXX.XX |
| 6/17/2021 | Series E | $2.25B | $XXX.XX | $XXX.XX |
| 4/23/2019 | Series D | $1.25B | $XXX.XX | $XXX.XX |
| 12/28/2017 | Series C | $486.87MM | $XXX.XX | $XXX.XX |
| 5/18/2017 | Series B | $64.93MM | $XXX.XX | $XXX.XX |
| 10/29/2015 | Series A | $44.91MM | $XXX.XX | $XXX.XX |
Motive is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Motive pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Motive is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
Motive is headquartered in San Francisco, California.
Motive was founded by Shoaib Makani, Ryan Johns and Obaid Khan.
