Part of the motivation is certainly to get away from the GPL requirements of using Linux, so that Google and its partners can release products to users that have proprietary modifications to the kernel, without giving those same users access to the source code of the kernel. That would of course be a disaster for user autonomy and freedom, but why should Google care about that...
Edit: This isn't just about the license, but also about the structure of the code. Fuschia is based on a microkernel. "Microkernel" doesn't just mean "modular kernel"[1] it also means "run drivers and systems in a separate process with a separate executable". That imposes performance penalties, but it can enforce a better programming style... and it also allows low-quality proprietary vendor code to be isolated from the base system and not have to pass quality checks or open its source.
[1] Linux is very modular despite being monolithic, and there have been academic operating systems like https://en.wikipedia.org/wiki/Language-based_system which are extremely modular and well designed despite (or perhaps because of) operating entirely in ring 0. Microkernels of course require modularity; but modularity doesn't require microkernel. The key problem with having all your code linked into one executable, of course, is that it requires you to have all your code...