Harbinger raises $240m Series D to expand industrial electrification
Tiger Global, Capricorn’s Technology Impact Fund and Ridgeline co-lead the financing.
Harbinger has raised $240 million in Series D funding, co-led by Tiger Global, Capricorn’s Technology Impact Fund and Ridgeline.
The company will use the capital to increase manufacturing capacity for its medium-duty vehicle platform and expand into energy storage, power generation, autonomy and defense. Its business builds on in-house battery, drivetrain and vehicle engineering in Garden Grove, California.
The new financing takes Harbinger’s total capital raised above $650 million. Its recent FedEx truck order represents a separate commercial contract.
Use of funds
Expand medium-duty platform manufacturing
Develop energy storage and power systems
Expand autonomy and defense applications