Tech Company Financing Transactions

Motiv Power Systems Funding Round

Motiv Power Systems closed a $60 million Series B financing round on 10/19/2019. Investors included GMAG Holdings, Winnebago Seed Fund and private investors.

Transaction Overview

Company Name
Motiv Power Systems
Announced On
10/19/2019
Transaction Type
Venture Equity
Amount
$60,000,000
Round
Series B
Investors

GMAG Holdings (Lead Investor) (Matthew Gallaher)

Winnebago Seed Fund (Lead Investor) (Ashis Bhattacharya)

Proceeds Purpose
These funds will support the overall growth of Motiv, including opening a new engineering and manufacturing facility in Detroit, Michigan, as well as facilitate further growth in the large-fleet customer segment.

Company Information

Company Status
Private & Independent
Industry
Electronics
Mailing Address
330 Hatch Dr.
Foster City, CA 94404
USA
Phone
(650) 458-4804
Website
www.motivps.com
Email Address
[email protected]
Overview
Motiv designs and supplies Power Control Systems which enable electric-drive commercial vehicles to be built as easily as diesel vehicles, while providing clear benefits in operating costs, maintenance, configurability, and emissions reductions.
Profile
Motiv Power Systems LinkedIn Company Profile
Social Media
Motiv Power Systems Company Twitter Account
Company News
Motiv Power Systems News
Facebook
Motiv Power Systems on Facebook
YouTube
Motiv Power Systems on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Matthew O'Leary
  Matthew O'Leary LinkedIn Profile  Matthew O'Leary Twitter Account  Matthew O'Leary News  Matthew O'Leary on Facebook
Chief Financial Officer
Kristen Magnuson
  Kristen Magnuson LinkedIn Profile  Kristen Magnuson Twitter Account  Kristen Magnuson News  Kristen Magnuson on Facebook
Chief Technical Officer
James Castelaz
  James Castelaz LinkedIn Profile  James Castelaz Twitter Account  James Castelaz News  James Castelaz on Facebook
Controller
Zuhaib Hussain
  Zuhaib Hussain LinkedIn Profile  Zuhaib Hussain Twitter Account  Zuhaib Hussain News  Zuhaib Hussain on Facebook
VP - Bus. Development
Ryan Hurst
  Ryan Hurst LinkedIn Profile  Ryan Hurst Twitter Account  Ryan Hurst News  Ryan Hurst on Facebook
VP - Engineering
Ritesh Mehta
  Ritesh Mehta LinkedIn Profile  Ritesh Mehta Twitter Account  Ritesh Mehta News  Ritesh Mehta on Facebook
VP - Engineering
Sanjay Patel
  Sanjay Patel LinkedIn Profile  Sanjay Patel Twitter Account  Sanjay Patel News  Sanjay Patel on Facebook
VP - Human Resources
Anna McKenzie
  Anna McKenzie LinkedIn Profile  Anna McKenzie Twitter Account  Anna McKenzie News  Anna McKenzie on Facebook
VP - Manufacturing
Karl Murphy
  Karl Murphy LinkedIn Profile  Karl Murphy Twitter Account  Karl Murphy News  Karl Murphy on Facebook
VP - Operations
Shveta Mangal
  Shveta Mangal LinkedIn Profile  Shveta Mangal Twitter Account  Shveta Mangal News  Shveta Mangal on Facebook
VP - Sales
Kash Sethi
  Kash Sethi LinkedIn Profile  Kash Sethi Twitter Account  Kash Sethi News  Kash Sethi on Facebook

 

 

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Prev: 10/19/2019: Corelight venture capital transaction
Next: 10/19/2019: Verady venture capital transaction

 

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