Garden Grove, Calif. – November 05, 2026 -- Harbinger, a U.S. industrial technology platform company, has raised $240 million in Series D funding, bringing its total capital raised since its 2021 founding to more than $650 million.
Tiger Global, Capricorn and Ridgeline co-lead the round
The round was co-led by Tiger Global, Capricorn's Technology Impact Fund and Ridgeline. Crossover investors Fidelity Management & Research Company, Squarepoint Capital and Xantium participated. Returning backers include Maniv, Greycroft, Australian Gulf Capital, PanaceaVC, ArcTern Ventures and Leitmotif.
Strategic investors include FedEx and THOR Industries in mobility, both through TechNexus, and BuildGroup in data centers. Goldman Sachs and Morgan Stanley acted as placement agents.
Funding targets five verticals and medium-duty manufacturing capacity
Harbinger will use the proceeds to expand across commercial vehicles, energy storage systems, power generation, autonomy software and defense applications. It will also continue ramping manufacturing capacity for its medium-duty platform.
The company says it engineers systems from first principles and uses deep vertical integration to control product development, performance, cost and scale. It first demonstrated the approach on its medium-duty electric vehicle platform and is now applying it across other industries.
FedEx orders 2,000 electric trucks worth more than $300 million
FedEx recently placed an order for 2,000 all-electric Harbinger trucks valued at more than $300 million. FedEx Senior Vice President of Safety and Transportation Paul Melander has also joined Harbinger's Board of Directors, with a focus on driver safety, delivery quality and customer execution.
Investors frame electrification as an AI-era bottleneck
Griffin Schroeder, Partner at Tiger Global, said "electrification has become one of the most pressing bottlenecks of the AI era." He said Tiger Global led the financing because of the value in taking Harbinger's technical expertise and manufacturing capabilities into new markets.
Harbinger CEO and Co-Founder John Harris said electrification is increasingly central to industry, defense, mobility and AI.