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Electric truck startup Harbinger has completed a $240 million Series D funding round, co-led by Tiger Global, the Capricorn Technology Impact Fund, and defense-sector investment firm Ridgeline, with participation from Fidelity Management. The company has raised more than $650 million in total, and its product line has expanded from electric truck chassis to battery energy storage and defense applications, and it has launched an unmanned hybrid platform for the military. FedEx has invested again and placed a new order for 2,000 trucks worth more than $300 million.
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Nov 6
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Harbinger Closes $240 Million Series D Round After Expanding Defense Business
Electric truck startup Harbinger has closed a $240 million Series D funding round, co-led by Tiger Global, the Capricorn Technology Impact Fund, and defense-focused investment firm Ridgeline, with participation from Fidelity Management. The company has raised more than $650 million in total, and its product line has expanded from electric truck chassis to battery energy storage and defense applications, and it has launched an unmanned hybrid platform for the military. FedEx has invested again and placed a new order for 2,000 trucks worth more than $300 million.