Key Takeaways
- • Harbinger, an American industrial technology platform company based in Garden Grove, California, announced it has raised $240 million in Series D funding to support its next phase of growth.
- • The round was co-led by Tiger Global, Capricorn's Technology Impact Fund, and Ridgeline.
- • Participants include crossover investors Fidelity Management & Research Company, Squarepoint Capital, and Xantium, returning investors Maniv and Greycroft, and strategic investors FedEx and THOR Industries (through TechNexus) and BuildGroup in data centers.
- • Harbinger develops electrification technologies spanning medium-duty vehicle platforms, battery and drivetrain systems, energy storage, autonomous driving, and defense applications.
Summary
Harbinger, an American industrial technology platform company headquartered in Garden Grove, California, announced that it has raised $240 million in Series D funding, according to the company's announcement. The company said the capital will help fuel its next phase of growth.
The round was co-led by Tiger Global, Capricorn's Technology Impact Fund, and Ridgeline. Additional participants 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, which invested through TechNexus, as well as BuildGroup, which invests in data centers. The announcement noted that other investors also participated.
According to the company, Harbinger describes itself as reinventing critical systems across transportation, power, defense, autonomy, and components. Its work spans advanced electrification, including all-electric and hybrid medium-duty vehicle platforms, battery and drivetrain systems, energy storage and auxiliary power solutions, autonomous driving technology, and defense applications.
Harbinger says it engineers systems from first principles and uses deep vertical integration to deliver solutions that are safer, more reliable, more capable, and more efficient at economic parity. Its technologies serve medium-duty trucks, recreational vehicles, mobile healthcare units, power infrastructure, and defense vehicles. The primary source does not disclose a valuation or detailed financial terms beyond the round size.
The round was co-led by Tiger Global, Capricorn's Technology Impact Fund, and Ridgeline. Additional participants 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, which invested through TechNexus, as well as BuildGroup, which invests in data centers. The announcement noted that other investors also participated.
According to the company, Harbinger describes itself as reinventing critical systems across transportation, power, defense, autonomy, and components. Its work spans advanced electrification, including all-electric and hybrid medium-duty vehicle platforms, battery and drivetrain systems, energy storage and auxiliary power solutions, autonomous driving technology, and defense applications.
Harbinger says it engineers systems from first principles and uses deep vertical integration to deliver solutions that are safer, more reliable, more capable, and more efficient at economic parity. Its technologies serve medium-duty trucks, recreational vehicles, mobile healthcare units, power infrastructure, and defense vehicles. The primary source does not disclose a valuation or detailed financial terms beyond the round size.
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