FundedIQ
Energy

Motiv Power Systems: Funding, Investors & Team (Oct 2026)

Motiv Power Systems, which is situated in the San Francisco Bay Area and was established in 2009, offers medium-duty class 4-6 commercial battery-electric trucks and buses, alongside charging infrastructure and direction for the deployment of commercial fleets. The company is a leader in the production of daily-use zero-emission vehicles for transporting individuals and goods that support urban commerce. Motiv is recognized for its 98% operational uptime on step vans, shuttle buses, and box trucks with an intense focus on satisfying customers. The organization's solutions help fleets save up to 85% in operations and maintenance costs while also providing a healthier and more comfortable ride for the operator and passengers without polluting the surrounding areas. To learn more about the company's products or services, as well as career openings, go to motivps.com.

motivps.com LinkedIn Foster City, United States 101-250 employees
CleanTech Embedded Software Energy Industrial Industrial Engineering Manufacturing Renewable Energy Software Engineering
Total raised
$5.0M
Rounds
1
Latest
Undisclosed round
Mar 2023

Motiv Power Systems has raised $5.0M across 1 funding round on record, the most recent an undisclosed round of $5.0M announced in Mar 2023.

That round is below the $15M median round size for Energy companies tracked on FundedIQ over the last two years.

Motiv Power Systems Company Profile and Key Stats

Total funding raised
$5.0M
across 1 round on record
Funding rounds on record
1
Latest funding round
Undisclosed round
$5.0M in Mar 2023
Employees
101-250
reported band
Headquarters
Foster City, United States

Latest funding round on record: Mar 2023.

Motiv Power Systems Funding Rounds

Date
Round
Amount
Undisclosed round
$5.0M

Motiv Power Systems Founders and Leadership Team

Name
Role
Contact
Jim Castelaz
Founder
Locked

Contact details for the Motiv Power Systems team: 1 of 1 has an email address on file.

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Motiv Power Systems Funding Compared to Other Energy Startups

Segment
Companies
Median round
2,284
$15M
30,319
$7.7M

Motiv Power Systems' latest round of $5.0M is below the median round in Energy. Medians cover the last 24 months of disclosed rounds.

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Motiv Power Systems Funding FAQs

What does Motiv Power Systems do?

Motiv Power Systems, which is situated in the San Francisco Bay Area and was established in 2009, offers medium-duty class 4-6 commercial battery-electric trucks and buses, alongside charging infrastructure and direction for the deployment of commercial fleets. The company is a leader in the production of daily-use zero-emission vehicles for transporting individuals and goods that support urban commerce. Motiv is recognized for its 98% operational uptime on step vans, shuttle buses, and box trucks with an intense focus on satisfying customers. The organization's solutions help fleets save up to 85% in operations and maintenance costs while also providing a healthier and more comfortable ride for the operator and passengers without polluting the surrounding areas. To learn more about the company's products or services, as well as career openings, go to motivps.com.

How much funding has Motiv Power Systems raised?

Motiv Power Systems has raised $5.0M across 1 round on record. The most recent is an undisclosed round of $5.0M announced in Mar 2023.

When did Motiv Power Systems last raise funding?

Motiv Power Systems' most recent funding round on record is an undisclosed round of $5.0M, announced in Mar 2023.

Who founded Motiv Power Systems?

FundedIQ lists Jim Castelaz (Founder) at Motiv Power Systems.

Where is Motiv Power Systems headquartered?

Motiv Power Systems is based in Foster City, California, United States.

How many employees does Motiv Power Systems have?

Motiv Power Systems is in the 101-250 employee band.

How does Motiv Power Systems' funding compare to other Energy startups?

Motiv Power Systems' latest round of $5.0M is below the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.

About FundedIQ's Motiv Power Systems Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Motiv Power Systems is left off this page rather than filled in.

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