Motive secured $1.3 billion in growth financing from General Catalyst after achieving an ARR of over $600 million, growing 30% year-over-year.

ARR for large accounts with $100,000+ annual spend surged nearly 60%, with a net revenue retention rate exceeding 120%.

The funding will be used for AI innovations, expanding sales and services, and scaling product offerings.

The company withdrew its S-1 filing, opting to stay private while maintaining public market readiness.

Motive has over 1M vehicles on its platform and serves 100,000 customers across multiple industries, including trucking, construction, and manufacturing.