Motive Revenue, Valuation, Funding & Investors

Motive is valued at $3.1B as of January 2025, a 6.1x multiple on its last reported $501M revenue.

Last Motive valuation

$3.1B

Series A · Jan 2025

Last Motive funding round

$6M

Series A · Jan 2025

Motive revenue

$501M

Series A · Jan 2025

Motive Overview

About Motive

Motive is a fleet operations platform headquartered in San Francisco with global reach. The company equips businesses with AI dashcams, GPS tracking, ELDs, and analytics for driver safety and compliance in trucking, field services, and construction. Serving 7 million drivers, Motive automates coaching for behaviors like harsh braking, integrates maintenance workflows, and provides spend controls, boosting efficiency for enterprises like Uber Freight partners.


Founded

2020

HQ

United StatesOklahoma City, OK

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$501M (Jan 2025)

Valuation

$3.1B (Jan 2025)

Motive Valuation

Motive is currently valued at $3.1B, based on its Series A in January 2025.

Motive valuation by funding round

Motive valuation by funding round
DateStageValuationRevenue Multiple
Jan 2025Series A$3.1B6.1x

Motive Revenue

Motive's latest recorded revenue is $501M, as of its Series A in January 2025. At a $3.1B valuation, that implies a 6.1x revenue multiple.

Motive revenue by funding round

Motive revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jan 2025$501M$3.1B6.1xSeries A

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Motive Funding History

Motive has raised a total of $6M across 1 funding round.

Motive funding rounds

Motive funding rounds
DateStageRaisedValuationDeal Summary
Jan 2025Series A$6M$3.1BMotive is an AI-powered integrated operations platform for the physical economy, focusing on fleet management hardware and software for industries including transportation, logistics, construction, oil and gas, utilities, telecoms, food and beverage, agriculture, and the public sector. The company serves nearly 100,000 customers and 1.3 million drivers, with global leaders such as FedEx Freight, Cintas, KONE, Davey Tree, ABM, and CRH among its clients. On July 30, 2025, Motive raised $150 million in a Series F funding round led by Kleiner Perkins, with participation from existing investors and new investor AllianceBernstein. The post-money valuation reached $3.08 billion. Funds will support AI capability expansion, international scaling including launches in the UK, growth in Mexico and Canada, R&D in India, and go-to-market efforts for enterprise customers. Motive has more than doubled its ARR from customers spending over $100,000 since 2024, driven by hundreds of new enterprise customers and net revenue retention exceeding 130%. The company acquired InceptEV in June 2025 and confidentially submitted a draft registration statement for a proposed IPO in August 2025.

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Motive Competitors

Motive competitors include listed companies like Delhivery and Ncino, and private ones like Peregrine.ai, Stord, Uber Freight and Certus Core.

Public and private companies comparable to Motive
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Peregrine.aiGermanyBerlinPrivate$30M-$2.5B83.3x
StordUnited StatesAtlanta, GAPrivate$147M-$3B20.4x
Uber FreightUnited StatesSan Francisco, CAPrivate$211M-$3.3B15.6x
DelhiveryIndiaIndiaPublicly listed$1.1B$80M$3.4B2.7x
Certus CoreUnited StatesTampa, FLPrivate--$3.4B-
NcinoUnited StatesUnited StatesPublicly listed$595M$65M$2.3B4.0x

Motive Public Comps

Motive is still privately-owned, but its public comps include TravelSky, Delhivery, NextNav, Affle 3i, Ncino, Haizhi, Karooooo, GigaCloud Technology, Transfar Zhilian Co and SureKAM Corporation.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
TravelSky$1.3B$518M0.9x0.9x2.3x2.3x
Delhivery$1.1B$80M2.9x2.7x40.1x38.9x
NextNav$5M($169M)503.2x540.7x(13.6x)(48.0x)
Affle 3i$282M$67M7.4x6.7x31.3x29.5x
Ncino$595M$65M4.3x4.0x39.0x15.8x
Haizhi$93M($30M)21.5x16.3x(67.1x)(440.4x)
Karooooo$337M$148M6.3x5.7x14.3x13.8x
GigaCloud Technology$1.3B$158M1.6x1.4x12.8x10.6x

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Common questions about Motive

When was Motive founded?Motive was founded in 2020.
Where is Motive headquartered?Motive is headquartered in Oklahoma City, OK, United States.
Is Motive publicly listed?No, Motive is a private company.
What is Motive's valuation?Motive was last valued at $3.1B in its Series A in January 2025.
How much funding has Motive raised?Motive has raised $6M across 1 funding round.
What was Motive's last funding round?Motive's last funding round was a $6M Series A in January 2025.
What is Motive's revenue?Motive's latest recorded revenue is $501M (January 2025).
What is Motive's revenue multiple?Motive's latest valuation implies a 6.1x revenue multiple ($3.1B valuation on $501M of revenue).
Which companies are comparable to Motive?Companies comparable to Motive include Peregrine.ai, Stord, Uber Freight, Delhivery, Certus Core and Ncino.

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