Harbinger Motors, a Garden Grove, CA-based automotive manufacturer, raised $60M in Series A funding.
The round was led by Ridgeline and THOR Industries, with participation from Greycroft, and new investors Riverstone Holdings, Acequia Capital and Squarepoint Capital, and return investors Tiger Global, Kalyani Mobility, Maniv Mobility, Overture and Ironspring Ventures. Ridgeline General Partner and Co-Founder Ryan Clinton will join Harbinger’s Board of Directors on behalf of the Series A investors.
The company intends to use the funds to accelerate progress toward the production of its electric stripped chassis designed to address the performance, durability, and lifespan expectations required of Class 4 to Class 6 vehicles, and to double its workforce over the next year to 120 employees at headquarters in Garden Grove, California.
Led by CEO John Harris, Harbinger is an electric vehicle (EV) company that provides vehicle technologies designed specifically for commercial and specialty vehicle applications, bringing an EV platform to market, priced for zero acquisition premium. The vertically-integrated EV platform aims to introduce improvements in safety, driver experience, and vehicle operation to satisfy the needs of commercial fleet operators and other medium-duty vehicle customers.
FinSMEs
20/09/2023