Motive, a fleet management software company backed by Alphabet’s GV, has filed for an initial public offering on the New York Stock Exchange. The filing places Motive among a growing list of technology companies preparing for potential public listings in 2026. Founded in 2013 as Keep Truckin and rebranded in 2022, the San Francisco–based company provides software and hardware tools that help businesses manage commercial vehicles and drivers. As of September 30, 2025, Motive served nearly 100,000 customers and employed 4,508 people, including about 400 full-time data annotators who support its artificial intelligence models.
Financial disclosures show Motive reported a net loss of $62.7 million on revenue of $115.8 million in the third quarter, compared with a $41.3 million loss in the same period in 2024, while revenue increased about 23% over the years. Subscription services account for most of the company’s revenue, supplemented by hardware replacements and professional services. Chief Executive Officer Shoaib Makani told investors that Motive’s AI Dashcam technology “has prevented 170,000 collisions and saved 1,500 lives on our roads.” The company counts GV, Base10 Partners, Greenoaks, Index Ventures, Kleiner Perkins, and Scale Venture Partners among its investors. Motive also disclosed ongoing patent litigation with competitor Samsara, which went public in 2021.
