Overview
- The filing reports $327.3 million in revenue and a $138.5 million net loss for the nine months ended Sept. 30, including a $62.7 million loss on $115.8 million in third-quarter revenue.
- Motive discloses ongoing patent infringement cases brought by competitor Samsara and states it believes the claims lack merit.
- JPMorgan, Citigroup, Barclays and Jefferies are listed as lead underwriters for the offering.
- The company sells AI-enabled fleet management tools such as an AI dashcam and says its technology has prevented 170,000 collisions and saved 1,500 lives.
- Investors include Alphabet’s GV, Kleiner Perkins, Base10, Greenoaks, Index and Scale, following a $150 million pre-IPO round in July and a 2022 valuation of about $2.85 billion.