Harbinger Raises $240M in Series D Funding — SkimNews
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- Harbinger raised $240 million in a Series D round co-led by Tiger Global, the Capricorn Technology Impact Fund and Ridgeline, taking total capital raised since 2021 above $650 million.
- Harbinger will deploy the proceeds into energy storage systems, power generation, autonomy software and defense applications, while continuing to ramp manufacturing capacity for its medium-duty platform.
- FedEx ordered 2,000 medium-duty electric delivery trucks from Harbinger for $300 million — a deal the company believes is among the largest binding electric truck orders in history.
- Harbinger also secured a defense contract with the US military, one of the recent wins cited alongside the FedEx order.
- Amazon and FedEx are both moving to fully electrify their fleet operations, a push tied to decarbonization and to diesel prices that keep climbing.
- John Harris, Harbinger's co-founder and CEO, said the company aims to "reset expectations for what critical systems should deliver," arguing electrification is increasingly core to industry, defense, mobility and AI.
Why it matters: Harbinger's new capital goes beyond trucks: a $300 million FedEx order for 2,000 units and a US military defense contract anchor the traction, while $240 million is earmarked for storage, power generation, autonomy software and defense — giving a company that has raised more than $650 million since 2021 the funding to add manufacturing capacity.
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