Motus

Motus

Vehicle reimbursement solutions ensuring IRS compliance

About Motus

Simplify's Rating
Why Motus is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Enterprise Software

Cybersecurity

Financial Services

Company Size

501-1,000

Company Stage

Growth Equity (Venture Capital)

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

2004

Overview

Motus provides vehicle reimbursement solutions that help businesses comply with IRS regulations while saving costs. Their platform allows organizations to manage and optimize vehicle reimbursement programs, enhancing the experience for drivers. The service operates on a software as a service (SaaS) model, offering a subscription-based software platform along with consulting services. This platform gives users insights into their vehicle reimbursement expenses, supported by reliable data from third-party research organizations. A key aspect of Motus is its commitment to data security, ensuring that customer information is safeguarded and only accessible to authorized personnel. The company also maintains an updated SOC 2 Type II report to demonstrate the effectiveness of its security measures.

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Simplify's Take

What believers are saying

  • The acquisition of Everlance expands Motus' reach to small businesses and sole proprietors.
  • Insights Pro strengthens Motus' analytics and decision support in vehicle reimbursement.
  • Motus Protect addresses liability risks amid rising auto insurance costs.

What critics are saying

  • Integration challenges from the Everlance acquisition may disrupt service continuity.
  • Rising auto insurance costs could increase operational expenses for Motus and clients.
  • Strategic shifts by new CMO Amanda Bohne may not align with customer expectations.

What makes Motus unique

  • Motus combines SaaS with consulting for comprehensive vehicle reimbursement solutions.
  • The company emphasizes data security with an updated SOC 2 Type II report.
  • Motus' acquisition of Everlance enhances its mileage and expense tracking capabilities.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Flexible Spending Accounts & Health Savings Accounts

401(k) Company Match

401(k) Retirement Plan

Family Planning Benefits

Home Office Stipend

Phone/Internet Stipend

Paid Vacation

Parental Leave

Fertility Treatment Support

Mental Health Support

Short/Long-term Disability

Life Insurance

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

-4%

2 year growth

-6%
PR Newswire
Feb 19th, 2025
Motus Extends Reach With Strategic Acquisition Of Everlance

Acquisition expands Motus' capabilities to optimize spend, mitigate risk, and increase productivity for companies of all sizes, from the largest enterprises to sole proprietorsBOSTON, Feb. 19, 2025 /PRNewswire/ -- Motus, the industry leader in vehicle reimbursement and risk mitigation for businesses with employees that actively drive for work, today announced the acquisition of Everlance, a mileage and expense tracking solution for small businesses, teams, and sole proprietors. The acquisition further strengthens Motus' ability to provide trusted and innovative reimbursement solutions for companies of all sizes, supporting every kind of employee who drives as a part of their job.Founded in 2015 by Alex Marlantes and Gabriel Garza, Everlance was created to empower mobile workers with easy-to-use productivity tools. The company's self-managed vehicle reimbursement solution has helped over 4 million drivers track their miles automatically, log expenses, and maximize their take-home pay.The complementary offerings will enable Motus to serve the broadest range of companies with solutions that range from highly tailored and integrated to self-installed and self-managed. Everlance's origins in the consumer market bring a top-rated mobile app and employee experience, while Motus' leading analytics and business intelligence deliver unparalleled decision support capabilities. The unique strengths of each company combine to create a product portfolio that will be able to meet customers' needs today and in the future."The success of so many organizations depends on employees driving their own cars as part of their jobs," said Phong Nguyen, CEO, Motus

PYMNTS
Feb 18th, 2025
FICO and TransUnion Team to Improve Credit Access in Kenya

Vehicle reimbursement firm Motus has acquired mileage/expense tracking solution Everlance.

Motus
Feb 18th, 2025
Motus Mobile Enterprise Platform Achieves Best-in-Class Efficiency

Boston, Mass., September 13, 2017 - Motus, the premier vehicle management and reimbursement platform, today announced significant advancements to its mobile enterprise platform, aimed at satisfying the needs of today's growing mobile workforce.

Black Perspective
Dec 17th, 2024
The Black Perspective

With an unmatched pool of data refined over more than 80 years, Motus is the preferred partner to top Fortune 500 companies and organizations committed to workplace agility.

Motus
Dec 10th, 2024
Motus Expands Industry-leading Decision Support with Insights Pro: Supercharging Vehicle Reimbursements with Unmatched Analytics

BOSTON, Mass., December 10, 2024 - Motus, the industry leader in vehicle reimbursement and risk mitigation for businesses that depend on employees who drive as a part of their job, today announced the launch of Insights Pro, a groundbreaking add-on to its Reimburse solution.

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