Motive Raises $150M to Accelerate AI Fleet Management and Global Expansion
Motive raised $150M led by Kleiner Perkins to enhance AI fleet management, focusing on safety and maintenance. Plans include expansion in North America and a UK launch.
Motive Secures $150M to Boost AI Fleet Management Capabilities
Motive, an AI-driven operations platform focused on fleet management, has raised $150 million in a recent funding round. The round was led by Kleiner Perkins, with new investor AllianceBernstein joining existing backers. As part of the deal, Kleiner Perkins Partner Ilya Fushman will rejoin Motive’s Board of Directors.
Driving Growth Through AI Innovation and Market Expansion
The new funding aims to accelerate Motive’s AI development, enhancing automation across its platform. Key improvements will focus on driver safety, preventive maintenance, and fraud detection features. These advancements are critical as Motive competes with industry players like Samsara and Geotab.
Beyond product innovation, the investment supports an ambitious go-to-market strategy. Motive is scaling operations throughout North America, with recent traction in Mexico and Canada. Additionally, it plans to launch in the United Kingdom in August to meet growing demand for fleet safety and sustainability solutions.
Expanding Customer Base and R&D Efforts
Motive currently serves nearly 100,000 customers and supports 1.3 million drivers. This capital boost will also accelerate research and development efforts in India, building on recent hiring initiatives. The company’s growth is fueled by strong enterprise adoption of its telematics and supply chain management tools, with net revenue retention exceeding 130%.
- Funding amount: $150 million
- Lead investor: Kleiner Perkins
- New investor: AllianceBernstein
- Board update: Ilya Fushman rejoining
- Focus areas: AI automation, driver safety, preventive maintenance, fraud detection
- Market expansion: North America (Mexico, Canada), UK launch planned
- Current customers: Nearly 100,000
- Drivers served: 1.3 million
- R&D growth: India-based expansion
- Net revenue retention: Over 130%
For management professionals interested in leveraging AI to improve operational efficiency, keeping an eye on Motive’s developments can offer valuable insights. To learn more about AI tools and courses relevant to operations and fleet management, explore resources available at Complete AI Training.
