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Motiv Power Systems
AddedFeb 13, 2024
UpdatedJun 18, 2026
Motiv Power Systems

Motiv Power Systems

Series A

Motiv Power Systems: American manufacturer of electric powertrains for medium-duty commercial vehicles.

HQ
Foster City, CA, US
Founded
2009
Overview
Compare
Fundraising
Employees
Website

Founded in Foster City, California, Motiv Power Systems is an American company specializing in the manufacture of electric powertrains for medium-duty commercial vehicles. The company's core mission is to revolutionize the commercial vehicle industry by providing sustainable, efficient, and durable electric solutions. Their flagship product, the ARGO electric truck, is designed from the ground up to offer superior efficiency, durability, safety, and comfort. Motiv Power Systems focuses on the medium-duty vehicle market, aiming to reduce carbon emissions and promote environmental sustainability.

Notable figures associated with Motiv Power Systems include key investors and industry experts who have supported the company's growth and innovation. The company has achieved significant milestones, including the successful deployment of their electric trucks in various commercial fleets across the United States. Motiv's impact is evident in its contribution to reducing greenhouse gas emissions and advancing the adoption of electric vehicles in the commercial sector.

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Motiv Power Systems - Quick Facts

Who are Motiv Power Systems' competitors?

Companies similar to Motiv Power Systems include Wrightspeed, Motive Companies, Endera and Harbinger.

When was Motiv Power Systems founded?

Motiv Power Systems was founded in 2009.

Where is Motiv Power Systems' headquarters located?

Motiv Power Systems' headquarters is located in Foster City, CA, US.

When was Motiv Power Systems' last funding round?

Motiv Power Systems' most recent funding round was for $5M (USD) in March 2023.

How much has Motiv Power Systems raised to-date?

As of Mar 1, 2023, Motiv Power Systems has raised a total of $215.6M (USD).

How many employees does Motiv Power Systems have?

Motiv Power Systems has 112 employees as of Feb 5, 2024.

Motiv Power Systems - Classification

Industry
  • Hardware
Ownership
  • Private
Technology
  • Automation
Geographic Exposure
  • United States
Revenue
  • Transactional
Customer
  • Enterprise
Main Product
  • Electric Powertrains
Tags
  • Cleantech
NAICS
  • 336300Motor Vehicle Parts Manufacturing
  • 336320Motor Vehicle Electrical and Electronic Equipment Manufacturing
  • 330000Manufacturing
  • 336000Transportation Equipment Manufacturing
SIC
  • 5010Motor Vehicles And Motor Vehicle Parts And Supplies
  • 5012Automobiles And Other Motor Vehicles
  • 5000Wholesale Trade-durable Goods
ISIC
  • 3510Electric power generation, transmission and distribution
Show 12 more industry codes
NAICS
  • 220000Utilities
  • 221000Utilities
  • 221100Electric Power Generation, Transmission and Distribution
  • 221120Electric Power Transmission, Control, and Distribution
  • 221122Electric Power Distribution
  • 336100Motor Vehicle Manufacturing
SIC
  • 4900Electric, Gas, And Sanitary Services
  • 4910Electric Services
  • 4911Electric Services
  • 3700Transportation Equipment
  • 3710Motor Vehicles And Motor Vehicle Equipment
  • 3711Motor Vehicles And Passenger Car Bodies