Harbinger drives forward with $100M Series B

TechNexus portfolio company Harbinger Motors raised $100M in Series B funding to hyperscale production capacity and meet surging demand for its medium-duty electric vehicle platform. The company is using the capital to expand nationwide deployment and solidify its position as a leader in commercial EV.

Harbinger Motors , a leader in the medium-duty electric vehicle industry and powering the world’s first hybrid RV , officially announced today its $100 million Series B fundraise to hyperscale production capacity and meet growing demand. Harbinger, a TechNexus Venture Collaborative portfolio company, will use these funds to expand nationwide deployment of its revolutionary medium-duty platform with much anticipation from both investors and consumers. This round was co-led by Capricorn Investment Group and Leitmotif, along with significant additional investment from Tiger Global. Harbinger saw continued investment from THOR Industries, the world’s largest RV manufacturer, and its investment partner TechNexus, who led the startup's Series A. Continued Collaboration It was through TechNexus’ unique position in the market that THOR and Harbinger could successfully collaborate and announce the world’s first Class A hybrid motorhome last fall. Utilizing Harbinger’s hybrid platform with a range of up to 500 miles, this revolutionary RV drives like a car. "Our partnership with THOR Industries allows us to identify and support startups that align with their strategic vision," TechNexus founder and CEO Terry Howerton said. "TechNexus actively fosters these collaborations, helping align interests between innovative startups like Harbinger and industry leaders like THOR. Harbinger's technology has already demonstrated its potential as THOR brings to market the world's first Class A hybrid motorhome. This is a testament to the power of collaboration and a glimpse into the future of the RV industry." With an order book currently valued at approximately $500 million, Harbinger is prepared to serve notable customers such as Bimbo Bakeries USA, the U.S. branch of Grupo Bimbo, the world’s largest baking company, and THOR Industries. To further stimulate demand, Harbinger recently unveiled a video showcasing successful winter testing of its EV delivery trucks as well, another indicati

By Jim Dallke at TechNexus Venture Collaborative