Motive Raises $150 Million Led by Kleiner Ahead of Potential IPO
Motive Technologies Inc. CEO Shoaib Makani
Source: Business Wire
Fleet tracking and driver safety startup Motive Technologies Inc. raised $150 million from a private funding round led by venture capital firm Kleiner Perkins, according to CEO and co-founder Shoaib Makani.
The company plans to use the capital to invest more in artificial intelligence and grow internationally, Makani said in an interview with Bloomberg. He declined to comment on the timing of an IPO. Bloomberg reported last year that Motive could go public by the end of 2025.