Harbinger, an American industrial technology platform company, announced that they have raised $240 million in Series D funding to help fuel the company’s next phase of growth.
The funding round was co-led by Tiger Global, Capricorn‘s Technology Impact Fund and Ridgeline. Additional investors in the round include crossover investors Fidelity Management & Research Company; Squarepoint Capital and Xantium; returning investors Maniv and Greycroft, Australian Gulf Capital, PanaceaVC, ArcTern Ventures, and Leitmotif; and strategic investors in mobility FedEx and THOR Industries through TechNexus, as well as BuildGroup in data centers; among others.
The new funding will support Harbinger’s further expansion across multiple verticals, spanning commercial vehicles, energy storage systems, power generation, autonomy software and defense applications, as well as the continued ramp up of its medium-duty platform manufacturing capacity. With the new financing, Harbinger has raised over $650 million since its founding in 2021.
“Harbinger exists to challenge what industry has learned to accept, and reinvent the critical systems the world depends on,” said John Harris, co-founder and CEO of Harbinger. “By rethinking critical systems from first principles, we aim to unlock better performance, greater reliability, safer operations, and more room to grow. Electrification is at the core of everything we do, and increasingly, electrification is at the core of industry, defense, mobility and AI. Harbinger’s role is not simply to give customers another option. It is to reset expectations for what critical systems should deliver.”
The critical industrial systems that serve the United States have long been constrained by outdated technology and accepted compromises. These are the essential systems that are depended upon to move goods, power infrastructure, protect people and enable autonomy. Rather than optimizing existing products, Harbinger engineers systems from first principles, using deep vertical integration to control product development, performance, cost and scale. This approach, first demonstrated through its medium-duty electric vehicle platform, is now being applied across industries, enabling Harbinger to address longstanding challenges and raise the standard for what customers should expect.
“Harbinger excels at electrification, and electrification has become one of the most pressing bottlenecks of the AI era,” said Griffin Schroeder, partner of Tiger Global. “We led this financing because we see tremendous value in bringing Harbinger’s technical expertise and manufacturing capabilities to new markets.”
Harbinger recently announced that FedEx Senior Vice President of Safety and Transportation Paul Melander has joined Harbinger’s board of directors, to support Harbinger’s focus on enhanced driver safety, delivery quality and enabling outstanding customer execution. FedEx recently placed an order for 2,000 all-electric Harbinger trucks valued at more than $300 million.
Goldman Sachs and Morgan Stanley served as placement agents on the financing round.
