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Harbinger raises $240 million Series D as it expands into defense
TechCrunch reported electric-truck startup Harbinger closed a $240 million Series D co-led by Tiger Global, Capricorn and Ridgeline after expanding into battery storage and military vehicles.
- New headline Was: “Harbinger raises $240M after expanding into defense”
- Our desk filed its story
Electric-truck startup Harbinger has raised a $240 million Series D as it expands beyond medium-duty trucks into battery storage and defense applications, TechCrunch reported1.
The round was co-led by Tiger Global, Capricorn's technology impact fund and defense-focused firm Ridgeline, according to TechCrunch1. FedEx invested again after leading last year's round, and repeat backers included Maniv, Greycroft and Leitmotif, a venture firm TechCrunch said is backed by Volkswagen1.
The financing comes almost a year after a $160 million Series C that included an initial truck order from FedEx, TechCrunch said1. Bloomberg News first reported the Series D, and TechCrunch cited Bloomberg for the claim that Harbinger has now raised more than $650 million1.
FedEx's relationship with the company has deepened, TechCrunch reported: Paul Melander, FedEx's senior vice president of safety and transportation, joined Harbinger's board, and FedEx recently placed an order for 2,000 trucks valued at more than $300 million1.
Founded in 2022 by former employees of EV startup Canoo and battery company QuantumScape, Harbinger began with a single electric truck chassis, TechCrunch said1. It later acquired autonomy startup Phantom AI, began developing hybrid emergency vehicles, and revealed a driverless hybrid electric platform for military use1.
TechCrunch did not report a valuation, production volumes or whether the military platform has a contract1.
