Electric truck maker Harbinger has been racking up wins in recent months, and after landing a $300 million order from international shipping giant FedEx and a defense contract with the US military, the company has secured another $240 million in Series D funding.
Companies like FedEx and Amazon have been taking serious steps to fully electrify their fleet operations, both in an effort to decarbonize and avoid the rising price of diesel. At $300 million for 2,000 medium-duty electric delivery trucks, Harbinger’s latest deal with FedEx is believed to be one of the largest binding orders for medium- or heavy-duty electric trucks in history, and it’s a deal big enough to inspire more than 240 million votes of confidence in the company’s future, one dollar at a time.
“Harbinger exists to challenge what the industry has learned to accept and reinvent the critical systems the world depends on,” said John Harris, co-founder and CEO of Harbinger. “By rethinking critical systems from first principles, we aim to unlock better performance, higher reliability, safer operations, and more room to grow. Electrification is at the core of everything we do, and increasingly, electrification is at the core of industry, defense, mobility, and AI. Harbinger’s role is not simply to offer customers another choice. It is to reset expectations about what critical systems should deliver.”
Harbinger’s Series D funding round was co-led by Tiger Global, Capricorn Technology Impact Fund and Ridgeline. The company says the new financing will support expansion into energy storage systems, power generation, autonomy software and defense applications, as well as the continued increase of its medium-duty platform manufacturing capacity. With this latest round of funding, Harbinger has raised more than $650 million since 2021.
As far as I’m concerned, I hope they use the money to create more fun, high-octane chase videos that show off the performance capabilities of their trucks. Time will tell.
SOURCE | IMAGES: Omen.
If you’re thinking about going solar, it’s always a good idea to get quotes from some installers. To ensure you find a trustworthy and reliable solar installer near you offering competitive prices, check out energywisea free service that makes it easy for you to use solar energy. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t receive sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll have access to unbiased energy advisors to help you every step of the way. Start here.
FTC: We use automatic affiliate links that generate income. Further.
