Harbinger Secures $240M Series D as It Broadens Beyond Electric Trucks
Electric truck startup Harbinger has raised a $240 million Series D funding round as it expands its product portfolio to include battery storage and defense applications.
The round arrives almost exactly one year after the Los Angeles-based company announced a $160 million Series C β a round that included an initial truck order from FedEx. According to Bloomberg News, which first reported the new funding, Harbinger has now raised more than $650 million to date.
Investor Lineup and Growing FedEx Ties
The Series D was co-led by Tiger Global, Capricorn's "technology impact fund," and defense-focused firm Ridgeline. FedEx invested again after leading last year's round, joined by repeat investors Maniv, Greycroft, and Leitmotif, a venture firm backed by Volkswagen. Fidelity Management β an institutional giant known for investing in pre-IPO startups β also participated. Harbinger is reportedly weighing going public.
Although FedEx did not lead this round, its relationship with Harbinger continues to deepen. Paul Melander, the shipping giant's senior vice president of safety and transportation, has joined Harbinger's board of directors. FedEx also recently placed its first large order with Harbinger: a deal for 2,000 trucks valued at more than $300 million.
From a Single Chassis to a Broader Platform
Founded in 2022 by former employees of now-defunct EV startup Canoo and battery company QuantumScape, Harbinger initially focused on building a single electric truck chassis. The company has steadily widened its scope since then. It acquired autonomy startup Phantom AI, began developing hybrid emergency vehicles, and revealed a driverless hybrid electric platform for military applications.
The Series D positions Harbinger to scale its core electric truck business while pursuing adjacent markets in energy storage and defense β two areas drawing heightened investor interest heading into 2026.