Motive
Motive provides cloud software-as-a-solution products to US trucking and vehicle-operating firms that replace legacy work processes involving email, spreadsheets, paper and fax.
- Pillar
- Private investments
- Theme
- Digital transition
- Status
- Current investment
- Geography
- USA
- Invested date
- 2019
- Security
- Convertible note and preferred equity
The company earns annually-recurring revenue with scope for increased profitability as sales grow, supporting cash generation over the long term.
RIT was introduced to the investment by its partner Greenoaks, a US-based growth equity manager with a strong pedigree in software investments.
RIT is invested via a convertible note and preferred equity that provide creditor-like protections from potential risks while retaining the benefit of equity exposure, similar to the structure employed on RIT’s Coupang co-investment.
120k
Motive customers
1.8bn
Miles driven by Motive customers monthly
Source: Motive company information