KeepTruckin

FreightTech Friday: Motive’s new tech, goFlux’s $6M raise

Motive, a leading provider of industrial technologies, orchestrated its inaugural user conference, Vision 24, in Nashville, Tennessee, this week. This event served as a platform, uniting key stakeholders across sectors such as transportation, farming, mining, construction and manufacturing.

The conference allowed thought leaders to engage in dynamic discussions, sharing insights and best practices pertinent to Motive’s expanding product portfolio, as it introduced its AI Omnicam, Motive Beacon...

https://www.freightwaves.com/news/freighttech-friday-motives-new-tech-gofluxs-6m-raise

Motive lays off 6% of workforce, blames slowing demand

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Motive, formerly KeepTruckin, has laid off 237 workers — about 6% of its workforce — amid operating...

https://www.freightwaves.com/news/motive-lays-off-6-of-workforce-blames-slowing-demand

Motive raises valuation to $2.85B after closing $150M funding round

Fleet management solutions provider Motive, formerly known as KeepTruckin, announced Wednesday it has raised $150 million in series F funding.

With the most recent funding round, Motive has reached a $2.85 billion valuation, up from $2.3 billion after the company’s series E raise last June.

Motive officials said they will use the additional capital to invest in more AI, expand the company’s product suite into spend management and grow its enterprise capabilities.

“The additional funding allows us...

https://www.freightwaves.com/news/motive-raises-valuation-to-285b-after-closing-funding-round

KeepTruckin rebrands as Motive to broaden reach

Fleet management solutions provider KeepTruckin announced Tuesday it is relaunching as Motive as the company begins to provide hardware and software applications for markets outside of just trucking and logistics.

“We started KeepTruckin in 2013 with a mission to bring the trucking industry online, but today our technology is used by a wide range of industries including construction, oil and gas, passenger transport and more. We changed our name to reflect the diversity of customers we serve,”...

https://www.freightwaves.com/news/keeptruckin-rebrands-as-motive-to-broaden-reach

New TMS player looks to capture small truck fleet share

When it comes to utilizing mobile technology, fleets of three to 10 trucks are often caught between a rock and a hard place. The micro-fleets can no longer rely on email to scale their businesses, yet mobile apps for small fleets traditionally have limited technology that can get costly as functionality is added. What’s more, mobile apps serving the small-fleet segment have been built around desktop versions that lack the power and design to effectively support folks on the road.

Small fleets...

https://www.freightwaves.com/news/new-tms-strategy-looks-to-capture-small-truck-fleet-share

EKA’s carrier TMS helps small and medium companies gain productivity, visibility

Shippers want versatile performers and top-notch carriers in their supply chains ⁠— a fact underscored by the last 20 months of capacity shortages. But nearly 80% of freight in the U.S. is hauled by carriers with fewer than 100 trucks ⁠— carriers that often couldn’t afford the technology that would help them look and act like larger carriers in the digital marketplace. 

Westech Logistics, a small trucking company in Oklahoma, launched four years ago as an oil field operation, but when that...

https://www.freightwaves.com/news/ekas-carrier-tms-helps-small-and-medium-companies-gain-productivity-visibility

EKA announces real-time integration with KeepTruckin, Samsara

EKA Solutions Inc, provider of cloud-based integrated freight management ecosystem for carriers, brokers, and shippers, announced on Monday real-time integration with global telematics platforms KeepTruckin and Samsara.

EKA Omni-TMSTM is a native cloud-based SaaS TMS that has become the company’s signature solution product. EKA, KeepTruckin and Samsara were each named among FreightWaves’ FreightTech 100 companies for 2021.

“EKA’s fluid real-time integration provides the smallest trucking company...

https://www.freightwaves.com/news/eka-announces-real-time-integration-with-keeptruckin-samsara

KeepTruckin’s new dashcam uses AI to drive safety and retention

In a recent Workhound study, 16.2% of drivers’ negative comments were based on training and safety concerns at their current trucking company. 

The study found companies that focused on creating healthy communication for these concerns, such as consistent feedback on drivers’ skills, stood a better chance of producing a positive work environment, leading to better retention and recruiting.

In pursuit of that positive environment and greater overall safety, the fleet management solutions company...

https://www.freightwaves.com/news/keeptruckins-new-dashcam-uses-ai-to-drive-safety-and-retention

KeepTruckin valued at $2.3B after Series E raise

Fleet management software company KeepTruckin announced it has closed a Series E round managed by BlackRock and several other lead investors for $190 million. Participating investors include G2 Venture Partners, Index Ventures, Greenoaks, IVP and Scale Venture Partners.

With these new funds, the company is now valued at over $2.3 billion, aiming to build the industry’s top fleet management tools for its network of 400,000 vehicles across North America.

“Today, more than 90,000 companies and one...

https://www.freightwaves.com/news/keeptruckin-valuled-at-23b-after-190m-raise

KeepTruckin’s new Fuel Hub brings fuel usage into focus

KeepTruckin introduces fuel hub management program

KeepTruckin has expanded its portfolio of offerings to small fleets with a new Fuel Hub. The solution utilizes telematics data and artificial intelligence to identify driver and vehicle fuel efficiency, helping fleets locate potential fuel cost leaks.

“The Fuel Hub is the first AI-driven fuel efficiency program,” said Shoaib Makani, CEO of KeepTruckin. “Our 90,000 customers spent more than $5 billion on fuel last year. We know that with deeper context and visibility into the factors that affect...

https://www.freightwaves.com/news/keeptruckins-new-fuel-hub-brings-fuel-usage-into-focus

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