EV truck maker Harbinger raises $160M
Manufacturer has received $358M in funding
Harbinger raised $160 million in series C funding co-led by FedEx, Capricorn’s Technology Impact Fund and THOR Industries as the medium-duty electric vehicle maker expands production and prepares for its first fleet deliveries in 2025.
The round brings Harbinger’s total raised funding to $358 million and included continued backing from Ridgeline, Tiger Global, Leitmotif, Maniv Mobility, Schematic Ventures, Overture Climate, Ironspring Ventures, ArcTern Ventures, Litquidity Ventures and the Coca-Cola System Sustainability Fund, according to a Nov. 12 Harbinger release. The new capital will support scaling production and broader market adoption as medium-duty fleets move from small pilot deployments toward mass electrification.
Harbinger’s EV stripped-chassis platform, designed and built in the United States, lowers costs and improves durability compared with retrofitted diesel platforms, according to the release. The system supports modular battery configurations from roughly 140 to more than 200 miles of range, and produces up to 13,400 pound-feet of wheel torque with a 42-foot turning diameter aimed at last-mile delivery routes.
FedEx placed an initial order for 53 Class 5 and Class 6 electric trucks, which Harbinger will begin delivering as upfit-ready chassis by yearend as the carrier pursues larger, more efficient pickup-and-delivery vehicles and works toward electrifying its delivery fleet by 2040, according to the release. U.S. manufacturing and early investment in domestic supply chains have helped stabilize Harbinger’s production amid trade volatility.
THOR Industries deepened its investment after launching the Entegra Coach Embark, a range-extended electric Class A motorhome built on Harbinger’s platform and offering up to 450 miles of combined range, according to the release. THOR also believes Harbinger’s technology is accelerating its own clean-mobility initiatives.
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