Harbinger raises $240M after expanding into defense
TechCrunch · Sean O'Kane ·
The Los Angeles-based startup has now raised more than $650 million, and is working on electric trucks, emergency vehicles, and a driverless platform for the military.
Electric truck startup Harbinger has raised a $240 million Series D funding round as it expands its portfolio of products, including battery storage and defense applications.
The funding comes almost one year to the day after the Los Angeles-based company announced a $160 million Series C, which included an initial truck order from FedEx. Harbinger has now raised more than $650 million to date, according to Bloomberg News, which first reported the round.
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, and other repeat investors included Maniv, Greycroft, and Leitmotif, a VC firm backed by Volkswagen. Also investing this time was institutional giant Fidelity Management, which tends to invest in pre-IPO startups. (Harbinger is reportedly weighing going public.)
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