Harbinger raises $240M after expanding into defense

Electric truck startup Harbinger has raised $240 million in a Series D funding round, co-led by Tiger Global, Capricorn's 'technology impact fund', and defense-focused firm Ridgeline. The funding brings Harbinger's total raise to over $650 million. Harbinger is expanding its portfolio to include battery storage and defense applications, and has collaborated with FedEx, with the shipping giant's senior vice president of safety and transportation, Paul Melander, joining Harbinger's board of directors. Harbinger has also developed a driverless hybrid electric platform for the military and hybrid emergency vehicles. The company was founded in 2022 by former employees of Canoo and QuantumScape, and has made significant progress in expanding its efforts since its inception.