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Motive (Hardware)

Dover, DE · Founded 2013 · In IPO Registration

Manufacturer of electronic fleet tracking devices designed to digitize long-haul trucking services. Motive (Hardware) is based in Dover, DE and was founded in 2013. Its last reported valuation was $2.9 billion in May 2022. It has raised $777 million.

Last reported valuation
$2.9B
Oct 2026
Priced at
—
Total raised
$777.0M
Last round
—

Motive (Hardware) key facts

as of Oct 2026
  • Manufacturer of electronic fleet tracking devices designed to digitize long-haul trucking services.
  • Motive (Hardware) is valued at approximately $2.9B as of Oct 2026 (last reported valuation).
  • It has raised $777.0M; the latest was IPO in Aug 2025.
  • Notable investors include GV, Index Ventures, Quiet Capital, Kleiner Perkins, 9Yards Capital — 32 tracked in total.
  • Status: In IPO Registration.
Last reported valuation
LOW confidence
$2.9B

Motive (Hardware)'s last reported valuation, May 2022. Nothing priced has surfaced since.

set by last reported valuationas of Oct 2026question about this number?
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Motive (Hardware) funding rounds

No rounds on record

No funding rounds for Motive (Hardware) are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.

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Motive (Hardware) valuation

Motive (Hardware)'s last reported valuation was $2.9 billion in May 2022. No priced round, secondary trade or fund mark has surfaced since.

Motive (Hardware) investors

32 investors are on record for Motive (Hardware), including GV, Index Ventures, Quiet Capital and Kleiner Perkins. By type, the record holds 15 venture capital firms and 2 private equity firms.

About Motive (Hardware)

Manufacturer of electronic fleet tracking devices designed to digitize long-haul trucking services. The company offers software and hardware to help owners of large vehicle fleets keep track of their vehicles, manage their maintenance costs, and monitor driver safety, including via AI-driven dashboard cameras installed in the cabs of trucks, enabling businesses in the physical economy to digitize their operations, enhance safety, and improve efficiency and profitability.

Sector
Information Technology
HQ
Dover, DE, United States
Founded
2013
Employees
4,508
Ownership
In IPO Registration

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