Harbinger raises $240M after expanding into defense
The Los Angeles-based startup has now raised more than $650 million, and is working on electric trucks, emergency vehicles, and a driverless platform for the military.
Electric truck company Harbinger has successfully raised $240 million in its Series D funding round, marking its expansion into battery storage and defense applications. The funding round, which took place almost a year after Harbinger's $160 million Series C round, was led by Tiger Global, Capricorn’s technology impact fund, and defense-focused firm Ridgeline.
FedEx, which led the $160 million Series C round, once again participated in the latest funding round and has placed a $300 million order for 2,000 Harbinger trucks. In addition to FedEx, other repeat investors included Maniv, Greycroft, and Leitmotif, a VC firm backed by Volkswagen. For the first time, institutional giant Fidelity Management also invested in the round, as the electric truck startup weighs its options for a potential public listing.
Founded in 2022 by former employees of the now-defunct EV startup Canoo and battery company QuantumScape, Harbinger initially focused on creating a single electric truck chassis. Since then, Harbinger has made significant strides, acquiring autonomy startup Phantom AI, developing hybrid emergency vehicles, and unveiling a driverless hybrid electric platform for the military.
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