Reviewed by Gotrade Internal Analyst
Jakarta, Gotrade News - Fleet management software firm, Motive Technologies, officially filed its paperwork with the US SEC last Tuesday. This move signals the start of a tech IPO wave that’s predicted to be packed throughout 2026.
Citing a report from Investopedia, the company plans to list on the New York Stock Exchange under the ticker symbol "MTVE".
Motive is backed by big names in the VC industry, including GV which is affiliated with Alphabet Inc. and Kleiner Perkins. This filing serves as a key signal for investors waiting for the IPO market to bounce back after a pretty quiet period.
Key Takeaways
- Motive Technologies filed for an IPO to list on the NYSE under the symbol MTVE.
- Revenue grew over 20 percent, but net losses in Q3 actually widened.
- This move is seen as the opener for the 2026 IPO trend, involving giants like SpaceX and OpenAI.
Financial reports show solid business growth, though profitability remains a challenge. Motive’s revenue for the first nine months of this year rose 22 percent year-on-year to US$327 million.
However, CNBC noted that the company’s net loss in the third quarter actually widened to US$62.7 million compared to the same period last year.
Motive’s flagship product, an AI-based dashcam, claims to have prevented thousands of road accidents. CEO Shoaib Makani stated that their tech provides fuel efficiency and fraud protection for 100,000 corporate clients.
This momentum aligns with Renaissance Capital’s prediction regarding capital market prospects next year. The research firm estimates there will be around 200 IPOs in 2026 with potential fundraising reaching US$60 billion.
Besides Motive, the market is also waiting for big moves from other tech giants like SpaceX, OpenAI, and Anthropic. The presence of AI-based issuers like Motive is expected to test the market's appetite for growth-phase tech companies.
On the flip side, potential investors need to watch out for litigation risks the company is facing. Motive is currently involved in a patent dispute with its competitor, Samsara, which is already listed on the exchange.
Reference:
- Investopedia, A Google-Backed Software Company Could Join Next Year's AI-Powered IPO Rush. Accessed on December 26, 2025
- CNBC, Motive, an Alphabet-backed fleet management software company, files for IPO. Accessed on December 26, 2025
- Featured Image: Shutterstock
Disclaimer
Gotrade is the trading name of Gotrade Securities Inc., registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
