Motiv Power Systems Stock

Motiv delivers medium-duty class 4-6 commercial battery-electric trucks & buses, with charging infrastructure & guidance for fleets.

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About Motiv Power Systems Stock

Founded in 2009 and headquartered in the San Francisco Bay Area, Motiv Power Systems delivers medium-duty class 4-6 commercial battery-electric trucks and buses, along with charging infrastructure and guidance for deploying commercial fleets. Specializing in step vans, shuttle buses, and box trucks, Motiv is a leading provider of daily-use zero-emission vehicles for moving people and moving goods that are the “backbone of urban commerce” with 98% uptime and intense customer-driven focus. The company’s solutions not only offer fleets up to 85% operations and maintenance cost savings but also provide operators and riders a healthier and more comfortable experience without polluting the communities they serve. For more information about the company’s products, services or career opportunities, please visit

Funding History

July 2010$452K
July 2010$1.3M
January 2011$1.2M
January 2012$2.4M
January 2013$1.5M
June 2014$7.1M
January 2015$1.9M
August 2015$1.8M
August 2017$6.6M
September 2019$46.7M
October 2019$13.0M
April 2020$1.8M
December 2020$20.0M
July 2021$40.0M
March 2022$30.0M
December 2022$35.0M
March 2023$5.0M


Founder & CTO

Jim Castelaz


Ryan Hurst

Chief Financial Officer

Kristen Magnuson

Executive Chairman

Matt O'Leary


Tim Krauskopf


Prasad Ramakrishnan

Board Member

Paul Savoie

Vice President of Marketing

Terry Dell

Board Member

Andy Cunningham

Board Member

Alan Henricks


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