Harbinger raises $240M after expanding into defense
AI-summarised brief · reviewed before publication
Harbinger, an electric‑truck startup based in Los Angeles, closed a $240 million Series D round, bringing its total capital raised to over $650 million. The round was co‑led by Tiger Global, Capricorn’s technology impact fund, and defense‑focused Ridgeline, with repeat investors Fed Ex, Maniv, Greycroft and Leitmotif, plus new backer Fidelity Management. FedEx deepened its partnership by placing a $300 million order for 2,000 trucks and appointing its senior vice president of safety and transportation, Paul Melander, to Harbinger’s board. The funding supports Harbinger’s broadened product line, which now includes battery storage, hybrid emergency vehicles and a driverless platform for military use, following its 2022 launch by ex‑Canoo and QuantumScape staff. The company is reportedly weighing an IPO.
💡 Why It Matters
- · The infusion fuels Harbinger’s rapid diversification into defense and energy‑storage markets, positioning it as a rare EV player with both commercial logistics and military contracts.