Harbinger, a Los Angeles, CA-based medium-duty electric vehicle (EV) company, raised $100M in Series B funding.
The round was led by Capricorn’s Technology Impact Fund and Leitmotif, and included participation from investment firm Tiger Global, The Coca-Cola System Sustainability Fund, managed by Greycroft, ArcTern Ventures, THOR Industries and its investment partner TechNexus, Ridgeline, Maniv Mobility, Ironspring Ventures, Schematic Ventures, and Overture Climate.
The company, which has raised $200m since its inception in 2021, intends to use the funds to accelerate its growth by deploying higher volume production capacity to meet demand for its purpose-built electric platform and to expand its sales, parts and service operations for nationwide deployment.
Led by CEO John Harris, Harbinger is a commercial electric vehicle (EV) company which leverages proprietary, in-house developed vehicle technologies designed specifically for commercial and specialty vehicles. The company builds proprietary EV stripped chassis designed for medium-duty vehicles, such as walk-in vans, box trucks, recreational vehicles (RVs), delivery vans, emergency and disaster response vehicles and more.
Harbinger received an order book of 4690 vehicle orders, valued at approximately $500 million, from notable customers including:
- Bimbo Bakeries USA, the U.S. business of Grupo Bimbo, the world’s largest baking company, and producer of iconic brands including Sara Lee Bread®, Thomas’®, Entenmann’s® and more.
- THOR Industries, the world’s largest recreational vehicle (RV) manufacturer known for its family of companies which include Airstream, Jayco, Tiffin, Thor Motor Coach and others.
FinSMEs
14/01/2024