Motive secures over $1.3bn in strategic growth financing
General Catalyst’s Customer Value Fund backed Motive as it expands its AI platform for physical operations.
One platform for fleets, workers and equipment
Motive brings vehicle and equipment management, maintenance, driver safety and fleet spending into one system for physical operations. Safety, operations and finance teams can use the platform to monitor assets and respond to events such as collision risks, equipment issues and field-work needs.
The company says it serves nearly 100,000 organizations across transportation, construction, energy, manufacturing, agriculture, retail and other industries. The strategic financing will support its AI platform, go-to-market teams and reach among global enterprises; the amount was reported as more than $1.3 billion.
Use of funds
Advance AI platform
Scale go-to-market teams
Extend reach among large global operations