Harbinger acquires autonomous driving company Phantom AI [TechCrunch]
Thor Industries, Inc. (THO)
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Source: TechCrunch
The acquisition, which is Harbinger's first, is part of the startup's plan to steadily expand its portfolio beyond the electric truck chassis it's been building and selling for the last year. Just last month, Harbinger announced it would start selling its battery packs for energy storage and auxiliary power, with Airstream Harbinger announced Wednesday it has already lined up a customer for Phantom's advanced driver assistance tech that it just acquired. German automotive technology giant ZF Group has agreed to license that tech from Harbinger, and plans to sell it to automakers for use in their passenger cars. (Terms of the two deals were not disclosed.) Harbinger co-founder and CEO John Harris told TechCrunch in an exclusive interview that he expects this new software services business line to generate “millions” of dollars in revenue this year, which he said is mostly “not material” compared to the amount the company will make from selling its truck chassis. The startup recent
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