Harbinger secured $240 million in Series D financing co-led by Tiger Global, Ridgeline, and Capricorn’s technology impact fund, bringing its total raised to over $650 million. The company has evolved from its initial focus on a single electric truck chassis by acquiring autonomy startup Phantom AI and developing military-grade platforms. Commercial adoption also accelerated through a major fleet purchase agreement alongside the equity round. Furthermore, the startup is expanding operations into hybrid emergency vehicles and stationary battery storage applications.
Key points
Total capital raised by the electric truck startup now exceeds $650 million following two…: Total capital raised by the electric truck startup now exceeds $650 million following two major rounds in consecutive years.
Strategic expansion into defense applications includes developing a driverless hybrid ele…: Strategic expansion into defense applications includes developing a driverless hybrid electric platform designed specifically for military use.
Repeat backing from major commercial partners demonstrates institutional confidence in th…: Repeat backing from major commercial partners demonstrates institutional confidence in the startup's broadened autonomous and hybrid vehicle portfolio.
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Electric truck startup Harbinger has raised a $240 million Series D funding round as it expands its portfolio of products, including battery storage and defense applications.
The funding comes almost one year to the day after the Los Angeles-based company announced a $160 million Series C, which included an initial truck order from FedEx. Harbinger has now raised more than $650 million to date, according to Bloomberg News, which first reported the round.
The Series D was co-led by Tiger Global, Capricorn’s “technology impact fund,” and defense-focused firm Ridgeline. FedEx also invested again after leading last year’s round, and other repeat investors included Maniv, Greycroft, and Leitmotif, a VC firm backed by Volkswagen.
While it didn’t lead this round, FedEx’s relationship with Harbinger continues to deepen. The shipping giant’s senior vice president of safety and transportation, Paul Melander, has joined Harbinger’s board of directors. FedEx also recently placed its first large order with Harbinger — a deal for 2,000 trucks valued at more than $300 million.
Founded in 2022 by former employees of now-defunct EV startup Canoo and battery company…
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