Motive Technologies, a company specializing in AI-powered fleet management software, has initiated the process for a U.S. Initial Public Offering. The company’s filing provides a look into its financial results for the nine-month period concluding on September 30.
During this period, Motive reported a net loss of $138.5 million, alongside revenues totaling $327.3 million. The IPO filing indicates a notable increase in revenue for the nine-month timeframe.
