MOTIV Electric Trucks Overview
- Year Founded
-
2009
- Status
-
Acquired/Merged
- Employees
-
106
- Latest Deal Type
-
M&A
MOTIV Electric Trucks General Information
Description
Manufacturer of electronic vehicles intended to provide medium-duty commercial all-electric trucks and buses, along with charging infrastructure and guidance for deploying commercial fleets. The company offers daily-use zero-emission vehicles for moving people and moving goods and uses high-volume commercial-scale batteries through OEM partnerships available for many configurations, including step vans, trolleys, and other specialty vehicles, enabling businesses with a pathway to electrification from fossil fuels and reducing their emissions and operating costs.
Contact Information
Website
www.motivtrucks.comCorporate Office
- 330 Hatch Drive
- Foster City, CA 94404
- United States
Corporate Office
- 330 Hatch Drive
- Foster City, CA 94404
- United States
MOTIV Electric Trucks Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 20. Merger/Acquisition | 15-Dec-2025 | Completed | Generating Revenue | |||
| 19. Later Stage VC | 25-Apr-2025 | Completed | Generating Revenue | |||
| 18. Later Stage VC | 01-Oct-2024 | Completed | Generating Revenue | |||
| 17. Later Stage VC | 01-Nov-2022 | Completed | Generating Revenue | |||
| 16. Later Stage VC (Series C3) | 01-Mar-2022 | Completed | Generating Revenue | |||
| 15. Later Stage VC (Series C) | 01-Jul-2021 | Completed | Generating Revenue | |||
| 14. Debt - General | 31-Dec-2020 | Completed | Generating Revenue | |||
| 13. Debt - PPP | 09-Apr-2020 | Completed | Generating Revenue | |||
| 12. Later Stage VC | 01-Apr-2020 | $6M | $79.2M | Completed | Generating Revenue | |
| 11. Later Stage VC (Series B) | 30-Sep-2019 | $60M | $73.2M | Completed | Generating Revenue |
MOTIV Electric Trucks Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C3 | ||||||||
| Series C-2 | ||||||||
| Series C-1 | ||||||||
| Series B | ||||||||
| Series A-2 | 37,600,000 | $0.001000 | 8% | $1 | $1 | $1 | 30.3% | |
| Series A-1 | 9,200,000 | $0.001000 | 7% | $1 | $1 | $1 | 7.41% |
MOTIV Electric Trucks Comparisons
Industry
Financing
Details
MOTIV Electric Trucks Competitors (10)
One of MOTIV Electric Trucks’s 10 competitors is Lion Electric, a Formerly PE-Backed company based in Saint-Jerome, Canada.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Lion Electric | Formerly PE-Backed | Saint-Jerome, Canada | ||||
| Micro Bird | Corporate Backed or Acquired | Drummondville, Canada | ||||
| Orange EV | Venture Capital-Backed | Kansas City, KS | ||||
| Mahindra Last Mile Mobility | Private Equity-Backed | Mumbai, India | ||||
| Wrightspeed | Venture Capital-Backed | Alameda, CA |
MOTIV Electric Trucks Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
MOTIV Electric Trucks Patents
MOTIV Electric Trucks Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-12603584-B1 | Integrated power hub | Active | 07-Oct-2022 | ||
| US-12420645-B1 | Methods and apparatus for performing hill hold with reduced oscillations in vehicle position | Active | 02-Feb-2022 | ||
| US-12494659-B1 | Generating vehicle wakeup signal | Active | 31-Mar-2021 | ||
| US-11855267-B1 | Methods and apparatus for controlling cooling capacity of a multi- evaporator cooling system | Active | 02-Feb-2021 | ||
| US-12230983-B1 | Smart battery balancer for balancing voltage output levels of multiple batteries | Active | 21-Oct-2020 | H02J7/56 |
MOTIV Electric Trucks Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
MOTIV Electric Trucks Former Investors (9)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| 3Lines | Venture Capital | Minority | ||
| Blackhorn Ventures | Venture Capital | Minority | ||
| California Energy Commission | Government | |||
| Crescent Cove Advisors | Lender/Debt Provider | Minority | ||
| Angel (individual) | Minority |
MOTIV Electric Trucks Acquisitions (1)
MOTIV Electric Trucks’s most recent deal was a Merger/Acquisition with Workhorse Group. The deal was made on 15-Dec-2025.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Workhorse Group | 15-Dec-2025 | Merger/Acquisition | Automotive |
MOTIV Electric Trucks FAQs
-
When was MOTIV Electric Trucks founded?
MOTIV Electric Trucks was founded in 2009.
-
Where is MOTIV Electric Trucks headquartered?
MOTIV Electric Trucks is headquartered in Foster City, CA.
-
What is the size of MOTIV Electric Trucks?
MOTIV Electric Trucks has 106 total employees.
-
What industry is MOTIV Electric Trucks in?
MOTIV Electric Trucks’s primary industry is Road.
-
Is MOTIV Electric Trucks a private or public company?
MOTIV Electric Trucks is a Private company.
-
What is MOTIV Electric Trucks’s current revenue?
The current revenue for MOTIV Electric Trucks is .
-
How much funding has MOTIV Electric Trucks raised over time?
MOTIV Electric Trucks has raised $344M.
-
Who are MOTIV Electric Trucks’s investors?
3Lines, Blackhorn Ventures, California Energy Commission, Crescent Cove Advisors, and are 5 of 9 investors who have invested in MOTIV Electric Trucks.
-
Who are MOTIV Electric Trucks’s competitors?
Lion Electric, Micro Bird, Orange EV, Mahindra Last Mile Mobility, and Wrightspeed are some of the 10 competitors of MOTIV Electric Trucks.
-
When was MOTIV Electric Trucks acquired?
MOTIV Electric Trucks was acquired on 15-Dec-2025.
-
Who acquired MOTIV Electric Trucks?
MOTIV Electric Trucks was acquired by Workhorse Group.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read more -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process
