Artificial intelligence-powered fleet management company Motive Technologies (MTVE.US) reported revenue growth for the nine-month period ending September 30 in its IPO filing submitted on Tuesday. The San Francisco-based company posted a net loss of $138.5 million on revenue of $327.3 million during this period, compared to a net loss of $113.9 million on revenue of $268.9 million in the same period last year.

The IPO comes as several companies plan to go public early next year after the holiday season, aiming to capitalize on favorable market conditions. The U.S. IPO market regained momentum in 2025, though expectations for a strong rebound were tempered by tariff-induced volatility, prolonged government shutdowns, and year-end sell-offs in AI stocks.

Other recent IPO filings include fuel distributor ARKO Petroleum and construction technology firm EquipmentShare.com.

Founded in 2013, Motive provides AI-driven fleet and operations management tools designed to enhance safety, manage vehicles and equipment, track expenses, and automate workforce and compliance tasks in industries such as logistics, construction, energy, and manufacturing. Its clients include Halliburton, KONE, Komatsu, NBCUniversal, and Maersk.

Motive Technologies will list on the New York Stock Exchange under the ticker "MTVE." JPMorgan, Citi, Jefferies, and Barclays are serving as underwriters for the offering.