AI physical operations platform Motive completes $1.3 billion funding round and abandons NYSE listing plans

TechFlow reports that on September 11, AI physical operations platform Motive announced the completion of a $1.3 billion financing round, with General Catalyst participating through its Customer Value Fund. Specific valuation figures have not been disclosed. Additionally, the company revealed that it has withdrawn its previously submitted S-1 registration statement, officially abandoning its plans to list on the NYSE.

According to reports, Motive had previously planned to go public with the stock ticker “MTVE” and had arranged JPMorgan, Citigroup, Barclays, and Jefferies to serve as underwriters. The company had previously closed a $150 million financing round led by Kleiner Perkins in July 2025.