Led · Series B · Oct 2019

Motiv Power Systems is a sustainable technology company delivering electric truck and bus chassis and related charging infrastructure. Its Ford eQVM-approved and CARB-certified EV technology operates at over 98% uptime and uses high-performance BMW batteries for many configurations. Motiv supports step vans, box trucks, work trucks, shuttle buses, school buses, trolleys and more, and has delivered 120 vehicles that have traveled more than one million miles across North America. The company reports solutions that can deliver up to 85% operation and maintenance cost savings while providing healthier, more comfortable driving for operators and eliminating local pollution. Motiv recorded record customer orders in 2020 and is scaling operational and manufacturing capabilities to meet demand while continuing to provide high-touch customer support. Founded in 2009 and headquartered in the San Francisco Bay Area, Motiv is in the process of raising a Series C and has secured new financing to support expansion. Motiv Power Systems develops all-electric chassis and a proven software platform to electrify medium-duty trucks and buses, with product approvals including Ford eQVM and CARB certification. Its EV systems use BMW batteries and are configurable for step vans, box trucks, work trucks, shuttle buses, school buses, trolleys and other specialty vehicles. Motiv reports more than 100 vehicles on the road, over 99% uptime, and more than one million miles logged across several of North America’s largest fleets. The company plans to scale manufacturing and pursue technology and geographic expansion. Founded in 2009 and led by CEO Matt O’Leary, Motiv positions itself as a sustainable technology provider for fleet electrification. Motiv Power Systems designs and supplies all-electric medium-duty chassis (EPIC) for buses and trucks. Its EPIC (Electric Powered Intelligent Chassis) is CARB-certified, GSA-approved, and available in configurations including step vans, box trucks, work trucks, shuttle and school buses, trolleys and other specialty vehicles. Motiv is a Ford eQVM-approved provider and benefits from engineering insights and support from Ford to ensure safety and reliability. Vehicles powered by EPIC have accumulated over 750,000 real-world miles with customers such as Aramark, Bimbo Bakeries USA, USPS, the City of Mountain View, and multiple school districts. Founded in 2009 and based in Foster City, California, Motiv provides software and technology to electrify medium-duty commercial vehicles. The company raised $60M in a Series B and plans to use proceeds to open a new engineering and manufacturing facility in Detroit and to expand in the large-fleet customer segment.