Motive has raised $1.3 Billion in New Funding

According to filings with the U.S. Securities and Exchange Commission, Motive has raised $1,300,000,000.00 in new Series Unknown funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.

Investors in the company’s current round of funding include: General Catalyst

About Motive
Motive is an AI-powered integrated operations platform that builds technology to improve the safety, productivity, and profitability of businesses that power the physical economy. It combines IoT hardware with AI driven applications to automate vehicle and equipment tracking, driver safety, compliance, maintenance, and spend management, providing an all in one fleet and operations management solution. The company serves over 100,000 businesses and 1 million drivers across industries such as trucking and logistics, construction, oil and gas, food and beverage, field service, agriculture, passenger transit, and delivery. Positioned as a leading provider for fleets and other physical operations businesses, Motive emphasizes automated compliance, real time monitoring, and data driven insights to help customers run safer and more efficient operations. The company also highlights always available 24/7 customer support and offers tours and guidance to help businesses adopt and optimize its platform.

To learn more, visit https://gomotive.com/
Linkedin: https://www.linkedin.com/company/motive-inc/

Contact:
Shoaib Makani, Chief Executive Officer
https://www.linkedin.com/in/smakani

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