Harbinger

Garden Grove, CA, United States Transportation & Logistics Private

Harbinger is an electric vehicle manufacturer specializing in medium-duty commercial truck chassis and drivetrains. Founded in 2021 by John Harris, Phillip Weicker, and Will Eberts, the company designs and manufactures purpose-built electric platforms for commercial fleet operators. Products include the HC Series Cab available in fully electric and plug-in hybrid configurations, with an 800V liquid-cooled battery system, ranges up to 500 miles, 470 horsepower output, and 13,700 lb-ft torque. Harbinger has commenced serial production of American-made medium-duty electric vehicles and holds an order book valued at approximately $500 million from customers including Bimbo Bakeries USA, THOR Industries, and FedEx.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2021

Employees

280–310

Total Funding

$344.7M

4 rounds

Funding

Total raised $344.7M across 4 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Series C

Date

November 13, 2025

Amount

$160M

Valuation

Lead Investors

FedExCapricorn's Technology Impact FundTHOR Industries
DateRoundAmount RaisedValuationLead Investors
November 13, 2025 Series C $160M FedEx, Capricorn's Technology Impact Fund, THOR Industries
January 16, 2025 Series B $100M Capricorn's Technology Impact Fund, Leitmotif
September 26, 2023 Series A $60M Ridgeline, THOR Industries

Prominent Investors

Capricorn Investment Group Leitmotif Tiger Global Maniv

Leadership

  • John Harris

    Chief Executive Officer & Co-Founder

    LinkedIn
  • William Eberts

    Chief Operating Officer & Co-Founder

  • Phillip Weicker

    Chief Technology Officer & Co-Founder

  • Gilbert Passin

    Chief Production Officer

  • Fred DePerez

    Senior Vice President of Sales

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Bollinger Motors

    Electric commercial truck manufacturer

  • Motiv Power Systems

    Medium-duty all-electric trucks, step vans, and shuttle buses

  • Lion Electric

    Electric medium and heavy-duty commercial vehicles

  • Battle Motors

    Electric trucks and refuse collection vehicles

  • Orange EV

    Electric commercial vehicle powertrains and drivetrains

  • REE

    Modular electric vehicle platform for commercial applications

Harbinger Investment FAQ

Public status and buying access

No. Harbinger is a private company and does not have a public stock ticker or trade on a public stock exchange. Its shares are generally held by founders, employees, investors, and other private shareholders. Buyers and sellers may be able to transact in Harbinger shares through private secondary transactions, but any transaction depends on share availability, buyer and seller agreement, transfer restrictions, company approval rights, and any applicable right of first refusal. There is no guarantee that Harbinger will complete an IPO or other liquidity event.

Yes, it is sometimes possible to buy Harbinger shares pre-IPO through private secondary transactions. This depends on finding a willing seller, company approval, and satisfying any transfer restrictions or rights of first refusal.

Buyers interested in buying Harbinger shares on the secondary market typically do so through SetterVC and other secondary-market platforms, subject to eligibility requirements, share availability, transfer restrictions, and issuer approval. Buyers may need to satisfy sophistication, accreditation, institutional, platform, regulatory, or other eligibility requirements before participating. Once eligible, buyers may be able to view listings, make bids, and work with a licensed broker through the transaction process. Buyers should ensure they have appropriate legal and financial advisors guiding them before completing any transaction.

Valuation and funding

Harbinger's latest disclosed funding round was a Series C round in November 13, 2025. The round raised approximately $160M, with FedEx, Capricorn's Technology Impact Fund and THOR Industries listed as disclosed lead or major investors. Primary funding rounds are different from secondary transactions: in a primary round, capital goes to the company, while in a secondary transaction, investors buy existing shares from current shareholders. Funding-round data reflects publicly reported or collected information and may be incomplete.

Harbinger has raised approximately $344.7M in disclosed funding across 4 rounds. These figures reflect primary capital raised by the company and do not include every possible secondary transaction, undisclosed round, debt facility, or private transfer. Reported funding totals can change as new rounds are announced or older round details are corrected. Eligible users can use SetterVC to track Harbinger's funding history alongside private-market activity where available.

Harbinger's disclosed investors include Capricorn Investment Group, Leitmotif, Tiger Global and Maniv. Investor lists are based on public reporting, company announcements, and collected funding-round data, and may be incomplete. Participation in a prior funding round does not mean those investors are currently buying or selling shares. On SetterVC, eligible users can review Harbinger's funding history, valuation history, and private-market activity alongside other venture-backed companies.

Market context

Harbinger's most-cited competitors include Bollinger Motors, Motiv Power Systems, Lion Electric, Battle Motors, Orange EV and REE. Investors often compare these companies by sector, product focus, valuation, funding raised, growth signals, investor base, and private-market activity.

Secondary-market demand for Harbinger shares can be affected by company performance, revenue growth, profitability, funding history, valuation, investor interest, sector momentum, public-market conditions, expected timing of a liquidity event, and the availability of shares for sale. Demand can also be affected by transfer restrictions, company approval rights, right of first refusal processes, limited information, and the price expectations of buyers and sellers. Strong demand does not guarantee strong pricing, liquidity, or investment returns. Weak demand does not necessarily reflect the company's long-term prospects. Demand signals should not be treated as a recommendation or prediction of investment performance. Buyers and sellers should treat demand signals as informational and conduct their own diligence before transacting.

Selling and transaction mechanics

Sellers often rely on intermediaries and platforms, such as SetterVC and other secondary-market platforms, to identify potential buyers. The exact process varies by company and transaction, but sellers often begin by confirming their ownership, desired price, transferability, and any company approval or notice requirements. If the seller agrees with a buyer on acceptable price and terms, the company may need to be notified through a share transfer notice or similar process. If a right of first refusal, company approval right, or other transfer restriction applies, the seller may need to wait until that process is completed. The parties may then execute a purchase and sale agreement, complete required transfer documentation, and close if all required conditions are satisfied. Sellers should always seek proper legal and financial advice before completing the transaction.

Yes, current and former Harbinger employees, early investors, and other existing shareholders may be able to sell vested shares before an IPO through a private secondary sale. This is not automatic; it depends on whether the shareholder has transferable shares, whether there is buyer demand, and whether the company's governing documents permit the transfer. Many companies require prior notice, company approval, or a right of first refusal before shares can be sold. Sellers should also seek proper legal and financial advice before proceeding.

A Harbinger secondary transaction usually involves an existing shareholder selling shares to a buyer before a public listing. The buyer and seller typically agree on price, number of shares, share class, and closing conditions. The seller may then need to notify Harbinger through a share transfer notice or similar process. If Harbinger or existing investors have approval rights, transfer restrictions, or a right of first refusal, those steps may need to be completed before the transfer can close. The parties typically enter into a purchase and sale agreement, complete any required transfer documentation, and close only if the necessary conditions are satisfied. Timing and certainty can vary by company and transaction.

In most private secondary transactions, parties commonly use a purchase and sale agreement that outlines price, terms, and conditions. They may also use share transfer documentation, often a stock transfer notice, share transfer notice, transfer instruction, or similar document, along with any required company approval or right of first refusal materials. Proof of ownership, such as a cap table entry, share certificate, brokerage statement, issuer confirmation, or administrator confirmation, may also be important. Buyers often request recent company financials, but private companies may limit disclosure. Since every deal varies, buyers and sellers should consult legal and financial advisors to understand which documents are needed.

Risk, diligence, and investor caution

Buying Harbinger shares pre-IPO is risky. Shares are illiquid, no IPO or liquidity event is guaranteed, valuations can change, transfers may require company approval, and private companies may provide limited financial disclosure. Be prepared for total loss. SetterVC and Setter Capital do not provide due diligence, legal, tax, accounting, valuation, or investment advice. Buyers must conduct their own due diligence, verify information, and seek independent legal and investment advice before proceeding.

Private secondary shares are typically illiquid. Unlike public stocks, there is no active public market, so selling them can be difficult and time-consuming. Sales depend on finding a willing buyer and often require company approval. Investors should be prepared to hold the shares for an extended period, with no guarantee of a future sale. Always assess your need for liquidity before investing.

SetterVC and Setter Capital do not provide due diligence, legal, tax, accounting, valuation, or investment advice. Buyers must conduct their own due diligence, including verifying ownership, transferability, legal structure, company approval, and assessing the company's prospects. SetterVC and Setter Capital do not provide advice on whether an investment is good, what price to pay, or what the best bid or ask is. SetterVC and Setter Capital may share documents in some circumstances, but it does not guarantee their accuracy or completeness. Due diligence is essential. Seek legal and investment advice as needed.

Before buying Harbinger shares, a buyer should try to review the share class, price per share, implied valuation, transfer restrictions, ROFR process, company approval rights, seller ownership evidence, recent financing or tender-offer information, available financial information, information rights, resale restrictions, tax considerations, and expected liquidity paths. Not all information may be available for a private company. Buyers should confirm available diligence, process details, and information needs with their own legal, tax, and investment advisers.

SPVs carry risks. Examples include the need to confirm the company allows SPV-based transfers, verify that the SPV truly owns the shares or interests it claims to own, and ensure it has not sold more interests than it holds. Due diligence is essential. Seek legal and investment advice as needed.

Forward contracts carry risks. Examples include the seller refusing to transfer the shares at the future date, even if the seller owns them, the seller going bankrupt with creditors claiming the shares, or the seller committing the same shares to multiple parties. Due diligence is essential. Seek legal and investment advice as needed.

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