In Pictures: Harbinger raises $240M Series D after FedEx order and US military defense contract

Harbinger's $240 million Series D follows a $300 million FedEx order for 2,000 medium-duty electric delivery trucks.

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The new capital brings Harbinger's total funding past $650 million since the company was founded in 2021.

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Investors including Tiger Global, Capricorn Technology Impact Fund and Ridgeline co-led the round.

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Harbinger plans to use the funding to expand into energy storage, power generation and autonomy software.

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The raise also supports Harbinger's push into defense applications following a US military contract.

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Electric medium-duty trucks are drawing growing interest from logistics fleets and government buyers alike.

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Harbinger's expansion plans signal broader momentum in the electric commercial vehicle market.

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The company's growth strategy extends beyond vehicles into clean energy infrastructure.

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Harbinger aims to scale production and delivery of its electric trucks with the fresh capital.

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