Harbinger Secures $240 Million in Series D Funding to Expand Electrification Platform
Industrial technology company Harbinger has raised $240 million in a Series D funding round co-led by Tiger Global, Capricorn's Technology Impact Fund, and Ridgeline. This latest injection brings the company's total funding since its 2021 inception to over $650 million. The capital is earmarked for expanding Harbinger's manufacturing capacity and scaling its technology across several key verticals, including commercial vehicles, energy storage, defense, and autonomy software. The company aims to address electrification bottlenecks in the AI economy and mobility sectors through a vertically integrated approach to engineering critical systems. Strategic momentum for the firm includes a recent $300 million order from FedEx for 2,000 electric trucks and the appointment of FedEx Senior Vice President Paul Melander to Harbinger's Board of Directors.
Topics: AI Economy Electrification Industrial Technology Manufacturing Series D funding
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Part of the story Electric Truck Startup Harbinger Secures $240 Million Series D Funding (2 articles)