As filed with the U.S. Securities and Exchange Commission on December 23, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MOTIVE TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Chief Executive Officer and Co-Founder Motive Technologies, Inc. 1355 Market Street, 11th Floor San Francisco, California 94103 (8 ...

Company Overview - PowerFleet is a leading global B2B mobile fleet and asset management company serving the industrial, logistics, and commercial vehicle industries[5] - The company has an expanding patent portfolio, including 53 granted and pending patents[5] - PowerFleet projects combined revenue of $150 million in 2020, including $75 million in high-margin service revenue[13] - As of December 31, 2019, PowerFleet had $164 million in cash and cash equivalents, $349 million in debt, and $10 million available under an unused credit facility[46] Market Opportunity and Growth - The global logistics market is projected to grow from $81 trillion in 2015 to $155 trillion in 2023, representing a 75% Compound Annual Growth Rate (CAGR)[18] - The global warehouse management system market is expected to grow from $21 billion in 2018 to $48 billion in 2024, a 152% CAGR[21] - The connected vehicle market is projected to grow from $732 billion in 2018 to $237 billion in 2025, a 142% CAGR[21] - Worldwide spending on the Internet of Things (IoT) is forecast to reach $745 billion in 2019, a 154% increase over the $646 billion spent in 2018[24] Financial Performance - Q4 2019 total revenue was $351 million, up 17% year-over-year on a pro forma basis, with $165 million in product revenue (47% of revenue) and $187 million in service revenue (53% of revenue)[39] - The company targets $200 million+ in revenue, with 50% from services/recurring revenue ($100 million), a 55% gross profit ($110 million), and a 25% adjusted EBITDA ($50 million)[44]