![]() These include:Īt Motive’s core is an IoT platform that connects vehicles, equipment, and facilities. Sitting atop Motive’s IoT platform are applications that automate vehicle and equipment tracking, driver safety, compliance, maintenance, spend management, and much more. Motive combines an IoT platform with AI-powered applications to automate the management of physical operations. After funding, Motive reached a $2.85 billion valuation. In 2022, the company secured $150 million in Series F venture funding co-led by Insight Partners and Kleiner Perkins. In 2021, the company secured $200 million in Series E venture funding, led by G2VP. In 2019, the company secured $149 million in Series D venture funding, mostly from Capital. In 2018, the company secured $50 million in Series C venture funding led by IVP, GV, Index Ventures, and Scale Venture Partners. In 2017, the company secured $18 million in Series B venture funding led by Scale Venture Partners, Index Ventures and GV, the venture capital investment arm of Alphabet Inc. In 2015, the company secured $8 million in Series A venture funding led by Index Ventures. In 2013, the company secured seed capital in the amount of $2.3 million. Motive has more than 3,500 employees across eight global offices. Motive now serves more than 120,000 businesses, across a wide range of industries including trucking and logistics, construction, oil and gas, food and beverage, field service, agriculture, passenger transit, and delivery. In 2022, KeepTruckin rebranded as Motive to reflect the breadth of problems the company solves and the wide range of industries the company serves outside of long-haul trucking. Over time, they expanded the platform to solve a broad range of operational problems businesses face including vehicle and equipment tracking, driver safety, compliance, maintenance, spend management and more. They began with an electronic logbook app for drivers to record their hours of service (HOS). In 2013, Shoaib Makani with co-founders, Ryan Johns and Obaid Khan, founded KeepTruckin to improve the safety and efficiency of businesses that keep the economy moving. The Motive Automated Operations Platform combines IoT hardware with AI-powered applications to automate vehicle and equipment tracking, driver safety, compliance, maintenance, spend management, and more. Motive (formerly KeepTruckin) is a technology company that builds products to improve the safety, productivity, and profitability of businesses that power the physical economy.
0 Comments
Leave a Reply. |