Harbinger lands $240M Series D as electric truck maker pivots toward defense
The Los Angeles-based EV startup has now raised over $650 million total, with its latest round backed by Tiger Global, Capricorn, and Ridgeline as it expands beyond commercial trucking into battery storage and military applications.
Harbinger, an electric truck manufacturer, has secured $240 million in a Series D funding round while broadening its business into battery storage systems and defense-sector products.
The funding announcement arrives roughly a year after the company closed a $160 million Series C that featured an initial truck purchase commitment from FedEx. Harbinger's cumulative fundraising now exceeds $650 million, according to Bloomberg News, which initially broke the news of the Series D.
Tiger Global and Capricorn's "technology impact fund" co-led the round alongside Ridgeline, a firm specializing in defense investments. FedEx participated again following its lead role in the prior round, while returning backers Maniv, Greycroft, and Leitmotif—a venture capital firm with Volkswagen backing—also invested.
FedEx's involvement extends beyond capital. Paul Melander, the shipping company's senior vice president of safety and transportation, has taken a seat on Harbinger's board. Additionally, FedEx recently finalized a substantial order for 2,000 trucks from Harbinger, representing a transaction worth more than $300 million.
Harbinger was established in 2022 by former team members from Canoo, a defunct EV startup, and QuantumScape, a battery technology company. The firm initially concentrated on manufacturing a single electric truck chassis but has since diversified significantly. The company acquired autonomy specialist Phantom AI, started work on hybrid emergency response vehicles, and unveiled a driverless hybrid electric platform designed for military use.
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