Motive Technologies, which develops and provides fleet management software and equipment, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.
Motive Technologies provides an AI-powered Integrated Operations Platform that unifies Driver Safety, Fleet Management, Equipment Monitoring, Spend Management, Workforce Management, and AI Vision to manage workers, vehicles, equipment, and spend in one system, underpinned by a Physical Operations Graph fed by data from more than 1 million vehicles and assets. As of September 30, 2025, it served nearly 100,000 customers across construction, oil and gas, trucking and logistics, manufacturing, agriculture, and the public sector.
The San Francisco, CA-based company was founded in 2013 and booked $429 million in revenue for the 12 months ended September 30, 2025. It plans to list on the NYSE under the symbol MTVE. Motive Technologies (formerly known as KeepTruckin) filed confidentially on September 2, 2025. J.P. Morgan, Citi, Barclays, Jefferies, RBC Capital Markets, Citizens JMP, KeyBanc Capital Markets, Societe Generale, and Nomura Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
