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# Motive takes $1.3B from General Catalyst and withdraws its IPO filing
- URL: https://www.enterprisey.com/motive-takes-1-3b-from-general-catalyst-and-withdraws-its-ipo-filing/
- Published: 2026-09-10T21:45:00.000Z
- Updated: 2026-10-26T04:17:47.000Z
- Description: Fleet and physical-operations software vendor Motive secured more than $1.3B in growth financing from General Catalyst's Customer Value Fund and withdrew the S-1 it filed in December 2025.
- Author: Enterprisey Admin
- Tags: News, Funding

Fleet and physical-operations software vendor Motive secured more than $1.3B in growth financing from General Catalyst's Customer Value Fund and withdrew the S-1 it filed in December 2025\. ([Motive press release](https://gomotive.com/motive-secures-more-than-1-3-billion-in-growth-financing-from-general-catalyst/?ref=enterprisey.com); [Renaissance Capital](https://www.renaissancecapital.com/IPO-Center/News/121594/fleet-management-software-provider-motive-technologies-withdraws-ipo?ref=enterprisey.com))

Motive said ARR has passed $600M and is growing 30% a year, with net revenue retention above 120% among customers paying more than $100,000\. General Catalyst managing director Pranav Singhvi joins Motive's board. The company said it remains positioned to list publicly later but gave no timeline. ([Motive press release](https://gomotive.com/motive-secures-more-than-1-3-billion-in-growth-financing-from-general-catalyst/?ref=enterprisey.com); [Renaissance Capital](https://www.renaissancecapital.com/IPO-Center/News/121594/fleet-management-software-provider-motive-technologies-withdraws-ipo?ref=enterprisey.com))