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Business · Los Angeles

Electric truck maker Harbinger raises $240 million as it expands into defense and energy storage

The Los Angeles-area company's Series D, co-led by Tiger Global, Capricorn and Ridgeline, comes almost a year after FedEx led its last round.

By West Coast News staff ·
Looking toward downtown Los Angeles from the City of Commerce
Looking toward Los Angeles from the City of Commerce.

Harbinger, which builds electric and hybrid truck chassis, has raised a $240 million Series D round as it widens its line-up to include battery storage and defense applications. The round was co-led by Tiger Global, Capricorn's technology impact fund and defense-focused Ridgeline. FedEx invested again, alongside Maniv, Greycroft and Volkswagen-backed Leitmotif, and Fidelity Management joined for the first time. Harbinger has now raised more than $650 million.

The round comes almost a year to the day after a $160 million Series C led by FedEx, which has since ordered 2,000 Harbinger trucks in a deal valued at more than $300 million. Paul Melander, FedEx's senior vice president of safety and transportation, has joined Harbinger's board.

Founded in 2022 by former employees of Canoo and QuantumScape, Harbinger started with a single electric truck chassis. It has since bought autonomy startup Phantom AI, begun developing hybrid emergency vehicles and revealed a driverless hybrid electric platform for the military. The company is reported to be weighing a public listing.

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