Electric Truck Startup Harbinger Secures $240M for Defense
Harbinger raised a $240 million funding round as the electric truck maker expands into defense and battery storage applications.
Electric truck startup Harbinger has secured a $240 million Series D funding round. The fresh capital arrives as the company broadens its product offerings to include battery storage and defense technology.
Funding and Backers
Tiger Global, Capricorn’s technology impact fund, and defense-focused firm Ridgeline co-led the latest funding round. FedEx participated again following its leadership in the previous round, alongside other repeat investors and institutional giant Fidelity Management. With this new injection of capital, the total amount raised by the company surpasses $650 million.
Expanding Portfolio
Established in 2022 by former employees of other companies in the electric vehicle and battery sectors, Harbinger initially focused on building a single electric truck chassis. The firm has since grown its operations by acquiring an autonomy startup, developing hybrid emergency vehicles, and creating a driverless hybrid platform for military use. Meanwhile, shipping company FedEx continues to strengthen its ties with the startup through a large vehicle order and a new board seat.
- Harbinger raised $240 million in a Series D funding round.
- The company is expanding into defense and battery storage.
- FedEx continues its investment and deepens its business relationship.
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