Motive takes $1.3B from General Catalyst and withdraws its IPO filing

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; Renaissance Capital)

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; Renaissance Capital)