Harbinger Raises $240 Million to Expand Electric Truck Lineup and Enter Defense Sector

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Electric truck startup Harbinger secures $240 million in Series D funding to broaden its product range, including defense applications and driverless military vehicles, bringing total funding above $650 million.

Harbinger, a Los Angeles-based electric truck startup founded in 2022 by former employees of EV maker Canoo and battery developer QuantumScape, has successfully raised $240 million in a Series D funding round. This latest round brings the company’s total financing to over $650 million, signaling strong investor confidence as Harbinger expands beyond commercial trucks to new applications including defense.

The Series D round was co-led by Tiger Global, Capricorn’s technology impact fund, and the defense-focused investment firm Ridgeline. Notably, FedEx, an existing strategic partner and customer, also participated again. FedEx’s involvement has deepened: Paul Melander, the company’s senior vice president of safety and transportation, joined Harbinger’s board. Additionally, FedEx placed a major order for 2,000 trucks valued at over $300 million.

Harbinger began by designing an electric truck chassis aimed primarily at commercial shipping. Since then, it has made several strategic moves to broaden its portfolio. The company acquired Phantom AI, an autonomous vehicle startup, to accelerate its development of driverless technology. Harbinger is now building hybrid emergency vehicles and has unveiled a driverless hybrid electric platform specifically engineered for military applications, marking its formal entrance into the defense market.

This diversification reflects a deliberate strategy to go beyond traditional electric trucks, leveraging innovations in autonomy and hybrid powertrains to serve specialized sectors. Harbinger’s work on defense-oriented electric and autonomous platforms is especially notable given the increasing military interest in sustainable and advanced vehicle technologies.

Investors such as Maniv, Greycroft, and Leitmotif—backed by Volkswagen—also renewed their commitment, underscoring broad industry support. The involvement of Capricorn’s technology impact fund indicates interest in the company’s potential environmental benefits.

Harbinger’s progress highlights evolving trends in electric vehicle startups, where expansion into logistics giants’ fleets and defense contracts can provide scale and specialized revenue streams. The company’s growth trajectory since 2022 illustrates a strategic blend of electric mobility, autonomy, and hybrid technology tailored for commercial, emergency, and military needs.

While the company’s defense projects remain early stage in public reporting, the substantial funding and partnerships position Harbinger as a notable player in next-generation electric truck and autonomous vehicle markets.