We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Motive will develop more fleet management tech following $150 million round

Motive will develop more fleet management tech following $150 million round

Venture capital pushes firm formerly known as KeepTruckin to a $2.85 billion valuation for its vehicle tracking and compliance tools.

motive ELD_compliance_2x.jpeg
May 26, 2022
Supply Chain Quarterly Staff
No Comments

Fleet management tech firm Motive will continue to develop its artificial intelligence (AI)-based automation products for monitoring commercial drivers, following a $150 million venture capital round that brings the nine-year old company to a market valuation of $2.85 billion.

San Francisco-based Motive—which was known as KeepTruckin until it changed its name last month—raised the “series F” money through a funding round that was co-led by Insight Partners and Kleiner Perkins. The latest boost follows a “series E” round of $190 million in 2021.

The firm now plans to accelerate its investment in AI, expand its product suite into spend management, and grow its enterprise capabilities. Motive’s product suite includes an internet of things (IoT) platform for connected vehicles, automated coaching to improve driver safety, electronic logging device (ELD) compliance, tracking and telematics, a corporate credit card for spend management, and a “smart load board” freight matching tool.

The company currently serves customers in industries including trucking and logistics, construction, oil and gas, food and beverage, field service, agriculture, passenger transit, and delivery. Applied to those drivers, the company says its AI Dashcam tool detects 89% of unsafe driving behavior, helping businesses reduce accidents by up to 22%.

“Motive is a leader in providing digital and financial infrastructure for the physical economy — an incredibly large market undergoing rapid transformation,” Ilya Fushman, partner at Kleiner Perkins, said in a release. “Their scale and growth are a testament to the value they deliver to customers.”

We are excited to announce that we have raised $150M of additional capital at a $2.85B valuation, led by @kleinerperkins and @insightpartners!https://t.co/KmSnlfn4lA

— Motive (@Motive_inc) May 25, 2022
Technology Trucking
KEYWORDS Motive
  • Related Articles

    SmartHop says $30 million VC round will help deliver better tech tools for small fleets

    KeepTruckin gains $190 million VC funding for fleet management tech

    Warehouse tech startup SVT Robotics accelerates rollout with $25 million round

Recent Articles by Supply Chain Quarterly Staff

Kearney launches “supply chain institute” as more companies seek resilience plans

Trucking industry lobbies for leverage in transition to zero emissions

Safety will be top of mind on National Forklift Safety Day 2023

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Survey: most Americans unaware that truckers face shortage of parking spaces

  • Best practices in logistics sustainability

  • Supply chain executives not yet seeing expected results from technology investments

  • Postal Service plans to seize items mailed with fake stamps

  • Inflation drops again as interest rate hikes hit home, NRF says

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing