Ridgeline Newsletter: Harbinger’s $100M Series B and Loft Orbital’s $170M Series C: Major Momentum Across Ridgeline’s Portfolio
Celebrating Harbinger’s $100M Series B
At Ridgeline, we are investing the modernization of foundational industries to drive the next wave of American re-industrialization. That’s why we’re thrilled to celebrate Harbinger’s $100 million Series B—co-led by early Tesla investor Capricorn Investment Group and Leitmotif—a milestone that validates a vision set forth by their founders, John Henry Harris, Phillip Weicker, and Will Eberts.
When we first partnered with Harbinger, John identified an often-overlooked gap in the EV market: medium-duty commercial vehicles. These trucks typically operate within a 150-mile radius, returning daily to the same depot. By focusing on this segment, Harbinger sidestepped the massive infrastructure hurdles of long-haul EV solutions and unlocked an entirely new opportunity for electrification—delivering cost efficiency, reliability, and range at price parity with diesel.
Since day one, the Harbinger team has been reimagining the entire chassis from the ground up—placing batteries low in the frame, improving safety and handling, and radically reducing total cost of ownership. Their obsession with simplicity and vertical integration makes it possible to assemble everything in-house, creating a safe, practical solution for fleets that were once too costly or complex to electrify. An order book of 4,690 vehicles (valued at approximately $500M) and fresh capital from this Series B underscore the market’s excitement for Harbinger’s approach.
We’re proud to have backed Harbinger since their first round of investment. They are a company that blends thoughtful engineering, relentless testing, and a willingness to question old norms. This is more than an investment in cleaner vehicles—it’s an investment in the future of U.S. transportation and manufacturing. Congratulations to John and the entire Harbinger team on this remarkable achievement. We can’t wait to see what’s on the road ahead.
Portfolio News
Loft Orbital has raised a $170 million Series C co-led by Tikehau Capital and Axial Partners, paving the way for its on-demand “space infrastructure as a service” model to reach fleet scale. This financing follows a trajectory of rapid growth, with the company on track to surpass $500 million in lifetime bookings by 2025. Led by co-founders Alex Greenberg and Pierre-Damien Vaujour, Loft Orbital provides fast, reliable access to space for Earth observation, connectivity, and data insights—transforming orbit into a flexible resource for businesses, governments, and research institutions worldwide.
Harbinger has raised a $100 million Series B to expand production capacity for its innovative medium-duty EV chassis, co-led by Capricorn Investment Group and Leitmotif with support from Tiger Global Management, The Coca-Cola System Sustainability Fund (managed by Greycroft), ArcTern Ventures, THOR Industries, Inc., Ridgeline, Maniv Mobility, Ironspring Ventures, Schematic Ventures, and Overture Ventures. With an order book of 4,690 vehicles, Harbinger’s vertically integrated approach—designing and assembling everything in-house—delivers safe, cost-effective, and eco-friendly solutions for vans, box trucks, RVs, and more at price parity to traditional gas and diesel vehicles.
Myriota has secured $50 million in new funding, bolstered by a $25 million investment from Australia’s National Reconstruction Fund Corporation (NRFC). With this capital, Myriota will expand its satellite-powered IoT connectivity solutions to a global audience—transforming industries like agriculture, water management, and transportation.
Q-CTRL has been featured alongside Microsoft and IBM in an article spotlighting the urgent need for quantum workforce development. By offering platforms like Black Opal, Q-CTRL makes advanced concepts such as quantum computing more accessible, equipping students and professionals to unlock quantum’s transformative potential. Whether in secure communications or drug discovery, quantum’s future hinges on a talent pool ready to tackle real-world challenges.
Red Hat’s acquisition of Neural Magic is now official, marking a significant leap toward open, frictionless AI in hybrid cloud environments. Neural Magic, led by CEO Brian Stevens, has long championed simplifying AI deployment—a mission that dovetails seamlessly with Red Hat’s commitment to open-source models. By combining forces, they’re set to empower enterprises to own, customize, and deploy AI models on private or multi-vendor infrastructure without extra friction or cost.
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At Ridgeline, we invest in startups focused on catalyzing a new industrial revolution, a U.S. renaissance focused on leveraging AI, automation, and deep tech to boost productivity. We back founders that have the vision and deep expertise to tackle these challenges and support them throughout their journey with an unparalleled go-to-market platform.
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