Fleet-Tracking Startup Motive Said to Pick JPMorgan for US IPO

Motive Technologies Inc., a driver safety and fleet management startup using artificial intelligence technology, has hired banks led by JPMorgan Chase & Co. to push ahead with an initial public offering, according to a person familiar with the matter.

The San Francisco-based company is also working with banks including Citigroup Inc., Barclays Plc and Jefferies Financial Group Inc., the person said. Motive held an organization meeting on Monday to kick off preparations for the IPO, which could come as soon as the end of this year, according to the person.

Deliberations are ongoing, details such as timing ...