Harbinger Secures $240M in Series D Funding

Harbinger, a Garden Grove, CA-based American-made medium-duty electric and hybrid vehicle manufacturer, has raised $240 million in a Series D funding round, bringing the total amount to over $650 million.

The round was co-led by Tiger Global, Capricorn’s Technology Impact Fund, and Ridgeline, with participation from Fidelity Management & Research Company, Squarepoint Capital, Xantium, Maniv, Greycroft, Australian Gulf Capital, PanaceaVC, ArcTern Ventures, Leitmotif, FedEx, THOR Industries through TechNexus, and BuildGroup, among others.

The company will use the capital to expand its business across commercial vehicles, energy storage, power generation, autonomy software and defence applications. It will also increase its manufacturing capacity.

What is Harbinger?

Founded in 2021, Harbinger develops medium-duty commercial vehicles with all-electric and plug-in hybrid powertrains. Its vehicles cover Class 4 through Class 6 categories and are designed for commercial and specialised applications.

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The company develops and manufactures major vehicle systems in-house, including powertrains, battery systems, steering and brakes. Its platform is built around an electric vehicle stripped chassis, which provides the main systems needed for different vehicle applications.

In March, Harbinger unveiled its HC Series Cab, which includes a gasoline range extender. Depending on the configuration, it can provide a driving range of up to 500 miles and up to 15 kilowatts of exportable power. This allows crews to power equipment without carrying a separate generator.

How Much Funding Has Harbinger Raised?

Harbinger has raised more than $650 million in total funding following its latest $240 million Series D round.

The company has not disclosed details of its previous funding rounds in the announcement.

Who Invested in Harbinger’s Series D?

The Series D round was co-led by Tiger Global, Capricorn’s Technology Impact Fund and Ridgeline.

Other participating investors include Fidelity Management & Research Company, Squarepoint Capital, Xantium, Maniv, Greycroft, Australian Gulf Capital, PanaceaVC, ArcTern Ventures, Leitmotif, FedEx, THOR Industries through TechNexus and BuildGroup, among others.

Why the Funding Matters

Harbinger plans to use the funding to expand beyond commercial vehicles into energy storage systems, power generation, autonomy software and defence applications.

The company will also increase production capacity for its medium-duty vehicle platform to support growing demand.

Who founded Harbinger?

Harbinger was founded in 2021 by John Harris and Phillip Weicker. The company is headquartered in Garden Grove, California, where it develops, and manufactures its vehicle technology.

Market and Business Growth

Harbinger is expanding its presence across commercial and specialised vehicle markets. It is currently ramping up production to fulfil an order for 2,000 trucks from FedEx.

The company has also entered the defence market. It is developing the vehicle platform for an uncrewed Army supply vehicle under a contract with American Rheinmetall.

In addition, Harbinger has started selling its batteries for energy storage applications. It has not disclosed the names of its energy storage or power generation customers.

What Happens Next?

Harbinger plans to increase its manufacturing capacity while expanding into new markets, including energy storage, power generation, autonomy and defence.

The company will also continue developing its vehicle platform and supporting production for its FedEx order.

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