Friday, September 10, 2021

Motive Companies Backs GenXComm In Strategic Investment

Fountain Valley-based Motive Companies, which provides renewable energy and infrastructure products, says it has made a strategic investment in GenXComm, a developer of dynamic filtering and Radio Frequency (RF)-photonics systems. GenXComm said it has raised $20M in its Series B funding round, which was led by Motive Companies, along with Raine Next-Gen Communications and BMW iVentures. GenXComm previously also received funding from Intel Capital, Azure Capital, and Bandgap Ventures. GenXComm is based in Austin, TX. Motive Companies provides energy storage and management, solar photovoltaic, lithium-ion batteries, electric vehicle & forklift charging, and other related products.

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