Founded in 2009, and headquartered in the San Francisco Bay Area, Motiv Power Systems, a leading provider of software and technology to electrify medium-duty commercial vehicles, is committed to freeing fleets from their dependence on fossil fuels. Motiv's EPIC (Electric Powered Intelligent Chassis) are CARB- certified, GSA-approved, and available for many configurations, including step vans, box trucks, work trucks, shuttle buses, school buses, trolleys, and other specialty vehicles. An EPIC offers uncompromised performance and functionality without the pollution, noise, heat, and vibration of gasoline or diesel power. Motiv is the only Ford eQVM-approved provider of all-electric chassis for commercial trucks and buses, and benefits from engineering insights and support from Ford to ensure safety and reliability. With more than 750,000 miles logged among several of the largest fleet operators in the United States, the EPIC family eliminates 100 percent of vehicle emissions, dramatically reduces operating and maintenance costs, and creates a healthier environment for riders and communities, while also reducing driver fatigue.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 10/18/19 | $60,000,000 | Series B |
GMAG Holdings Winnebago Seed Fund | undisclosed |
| 08/24/20 | $15,000,000 | Convertible Debt |
GMAG Holdings | undisclosed |
