Motiv Power Systems, Inc.
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Motiv Power Systems, established in 2009 and headquartered in the San Francisco Bay Area, is a pioneering company specializing in delivering medium-duty class 4-6 commercial battery-electric trucks and buses. Committed to electrifying fleets, Motiv Power Systems provides innovative solutions for daily-use zero-emission vehicles, particularly in the transportation sector. Product/Service Line Breakdown Medium-Duty Electric Trucks: Motiv Power Systems focuses on the design and production of medium-duty class 4-6 commercial battery-electric trucks, offering sustainable and efficient transportation solutions. Zero-Emission Buses: The company extends its expertise to include the development and delivery of zero-emission buses, contributing to the reduction of environmental impact in public transportation. EV Cab Innovation (Argo Trucks): Motiv Power Systems introduced the Argo, an all-electric truck featuring the company's first purpose-built electric vehicle (EV) cab. This innovation represents a significant step forward in the evolution of electric commercial vehicles. Charging Infrastructure Guidance: In addition to manufacturing electric vehicles, Motiv Power Systems provides guidance on charging infrastructure, supporting fleets in transitioning to and maintaining electric transportation solutions.
Keywords
Keywords
Classified
Private