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Company	Motiv Power Systems
Short Description	Developer of software and power electronics to be integrated into a wide variety of medium dutytruck and bus applications in the commercial EV market with over 1 million miles in active service logged
Status	Private
Year Founded	2009
Industry Group	transportation & logistics
Sector	vehicle components
TRL Range	9
Country	United States
Nbr Employees	51-100
Revenue Range	$10m - $25m
Total Equity Capital Raised	$102.3M
Last Stage Capital Raised	Growth Equity round of $20M 2021
Investors	California Energy Commission, Magness Investment Group, Blackhorn Ventures, Winnebago, GMAG Holdings Corporation, Crescent Cove Advisors

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Motiv Power Systems

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Developer of software and power electronics to be integrated into a wide variety of medium dutytruck and bus applications in the commercial EV market with over 1 million miles in active service logged

Founded in 2009

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Company type Private Public ()

Company type

Industry Group transportation & logistics

Sector vehicle components

TRL Range 9

TRL 1	Basic research
TRL 2	Technology formulation
TRL 3	Applied research
TRL 4	Small scale prototype
TRL 5	Large scale prototype
TRL 6	Prototype system
TRL 7	Demonstration system
TRL 8	First of a kind commercial system
TRL 9	Full commercial application

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Headquarters Foster City, CA Foster City, United States

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Updated by Ryan Hurst at Motiv Power Systems, Inc. on 05/12/2020

Edited by Cleantech Group on 12/23/2024

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11 financing events

11 investors

1 products

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Date		Company
		Can't find a company? Add a company Description 400/400 characters left Related press release or article about this deal Confirm relationship* (Enter the email address of your counterpart at this company so they can confirm your relationship!) Cancel Save
11/19/2012		Google Google Confirmed by Google	Learn more	Delete

Date		Partner	Type
		Can't find a partner? Add one Description 400/400 characters left Related press release or article about this deal Confirm relationship* (Enter the email address of your counterpart at this company so they can confirm your relationship!) Cancel Save
03/09/2022		Our Next Energy Our Next Energy Our Next Energy (ONE) will supply LFP batteries for Motiv's 6th generation vehicles. View source Confirmed by Our Next Energy	Vendor	Delete

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01/14/2021	Crescent Cove Advisors Crescent Cove Advisors (1) Post-money valuation of This funding will be used to scale operational and manufacturing capabilities to meet demand. (source)	Growth Equity	$20,000,000	Delete

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Select Image	Description 400/400 characters left Cancel Save			US$/kW (current) US$/kWh (current) US$/kW (projected) US$/kWh (projected)
	AdaptEV Industry-leading electric truck and bus software platform.	Pilot/Early Revenue	Subscription	$/kW (current) $/kW (projected) $/kWh (current) $/kWh (projected)	Delete

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AdaptEV

Industry-leading electric truck and bus software platform.

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Developer of software and power electronics to be integrated into a wide variety of medium dutytruck and bus applications in the commercial EV market with over 1 million miles in active service logged

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