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Stock impact report

Harbinger raises $160M, will build trucks for FedEx [Yahoo! Finance]

QuantumScape Corporation Class A (QS) 
Company Research Source: Yahoo! Finance
Los Angeles-based electric truck startup Harbinger has raised $160 million in a Series C funding round co-led by FedEx, as it scales up production of its commercial vehicle program. As part of the investment, FedEx has ordered 53 of Harbinger's electric truck chassis, which the startup says will be ready by the end of this year. Founded in 2022 by former employees of now-defunct EV startup Canoo and battery company QuantumScape, Harbinger set out to build medium-duty, commercial truck chassis — and basically nothing else. That focus on keeping things simple helped the company raise a $100 million Series B in January and start production of its truck chassis this year, just three years after its inception. FedEx is Harbinger's most recognizable customer to date, though the startup has spent the last few years also working with RV-builder THOR Industries. THOR co-led this Series C round with FedEx, as did the Technology Impact Fund at Capricorn, which was an early Tesla investor. Show less Read more
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