The Direxion sign at the New York Stock Exchange (NYSE) on Monday, December 22, 2025 in New York, USA. The holiday-shortened week started with stocks rising amid a big rally that continued Wall Street’s bullish momentum.
Michael Nagle | Bloomberg | Getty Images
Motiv, a company that provides software to manage companies’ trucks and drivers, filed on Tuesday for an initial public offering on the New York Stock Exchange under the symbol MTVE.
The filing makes Motive one of a group of fast-growing tech companies aiming to go public in 2026. Anthropic, OpenAI, and SpaceX are all reportedly considering making their shares widely tradeable next year.
The motive is smaller, with the company reporting a net loss of $62.7 million on third-quarter revenue of $115.8 million. Losses widened from $41.3 million in the same period in 2024, but sales rose about 23% year over year. The company had approximately 100,000 customers at the end of September.
Ryan Johns, Obaid Khan, and Shoaib Makani founded Motive in 2013, originally called Keep Truckin. CEO Makani is Khan’s brother-in-law.
Investors include: of the alphabet GV, Base10 Partners, Greenoaks, Index Ventures, Kleiner Perkins, Scale Venture Partners.
Motiv’s AI dashcam devices that detect dangerous driving have “prevented 170,000 crashes and saved 1,500 lives on our roads,” Makani said in a letter to investors. Motive sells replacement hardware and professional services, but most of its revenue comes from subscriptions.
The San Francisco company changed its name to Motive in 2022 and had 4,508 employees as of Sept. 30. Motive employs 400 full-time data annotators who apply labels to power artificial intelligence models.
Motive continues patent infringement litigation with competitors samsarawent public in 2021 and currently has a market capitalization of $22 billion.
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