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Gents —

Back in your inbox with another interesting investment opportunity from Litquidity Ventures. One of the reasons, among many, this opportunity is interesting, is because the Litquidity Team and syndicate members already invested in Harbinger Motors in June. The company is reopening that oversubscribed round to a select group of people at the same terms, which are outlined below.

Before we dive in, here’s something that I will remind you of every deal:

We’ll be holding a roundtable to discuss this opportunity later this week. More details to follow. Let’s jump in.

In June, Litquidity Ventures invested in Harbinger Motors’ $100M Series C round, led by Tiger Global. Harbinger is a leading American-made, medium-duty electric and hybrid vehicle manufacturer, with proprietary onshore advanced manufacturing of electric motors, batteries, and hybrid chassis.

(Sidenote: A chassis is the fundamental structural framework of a vehicle, acting as its "skeleton" to support all other components like the engine, suspension, body, and electronics, providing crucial stability, strength, and functionality).

The Litquidity team has spent significant time with management and has been impressed by the company’s tremendous growth and operational excellence. In October, they co-hosted LA Tech Week’s biggest hard tech event along with Harbinger and A16Z’s American Dynamism Fund.

The company is firing on all cylinders (or batteries, rather). Since Litquidity Venture’s first conversations, Harbinger’s sales have doubled each quarter in 2025, growing invoiced units +1,000% since Q1 (45 invoiced units in Q1 vs. 450 in Q4)*.

Last month, Harbinger announced its Series C oversubscribed at $160M. FedEx emerged as a co-leader and placed an initial order of 53 vehicles from the company. Other participants included Capricorn’s Technology Impact Fund, THOR Industries, Ridgeline, and The Coca-Cola System Sustainability Fund, managed by Greycroft.

To that end, Litquidity Ventures has secured additional investment allocation at the same pre-announcement terms. It is their view that the revenue growth and execution delivery puts Harbinger squarely in unicorn territory with a clear path to IPO as early as 2026. The proposed valuation represents a significant value opportunity at a discount to the projected value of the company.

Harbinger Motors has established itself as the leading manufacturer of electric and hybrid medium-duty commercial vehicle chassis in the Class 4-7 truck market, including step vans, box trucks, and RVs. The company is also a domestic manufacturer of the most energy-dense battery packs in commercial vehicles, and a domestic manufacturer of the most energy-efficient electric motors in commercial vehicles.

The company is currently fulfilling initial deliveries from its U.S. factory to address over $450M in preorders and a $110M battery backlog.

Harbinger’s specialty is developing electric stripped chassis for walk-in vans, step vans, box trucks, and other commercial applications. What sets them apart is their fully proprietary technology stack – including in-house designed battery systems, electric drivetrains, and purpose-built EV and hybrid platforms – delivering superior performance at prices competitive with traditional combustion vehicles.

John Harris, CEO

Harbinger CEO and Co-Founder John Harris is focused on redefining the medium-duty commercial vehicle industry and reducing harmful environmental emissions through electrification. Leading the company with a detailed, personal approach, John brings strong expertise in battery, hardware, and mechanical engineering from work at Anduril Industries, Boeing, Faraday Future, and Xos Trucks.

Throughout his career, John has had a massive impact on his world-class employers. At Anduril, he led Sentry Tower from prototype to volume production in less than three years. He developed a low-cost battery system at Xos and was sole-inventor on numerous patents. Formerly a Structures and Mechanisms Design Engineer at Boeing and Disney, he was also heavily involved in battery systems at Faraday Future.

A car guy at heart, John was involved in Formula SAE in college and earned a Bachelor’s in Mechanical Engineering and Master’s in Aerospace Engineering from Cornell.

Phillip Weicker

Phillip Weicker is the chief technology officer (CTO) and co-founder for Harbinger, leading the company’s next-generation product design and development through a hands-on approach. As the former co-founder of Canoo, Phillip brings a tenure of experience from top industry players, including Canoo, Faraday Future, QuantumScape, Coda Automotive, and EnergyCS.

Deeply concerned about climate change and air pollution, Phillip has dedicated his 20-year career to electric vehicles and has nearly 30 patents to his name through a fearless approach to innovation. To contribute to the industry, he wrote a well-regarded textbook on battery management systems called “A Systems Approach to Lithium-Ion Battery Management” that’s used to train employees at some of the top automotive companies in the world.

Phillip earned a Bachelor’s in Electric and Computer Engineering from McMaster University and a Master’s in Computational Electromagnetics from McGill University.

Full Executive Team Bios Here

If you are interested in investing:

Complete the commitment and investment process using the link to the Canopy Deal Room, which includes additional diligence materials (including investor deck, model, 100+ page VDD report). Downloadable copies are available upon request.

Email, text, or call me with any questions.

This deal, its terms, and all materials are highly confidential and not to be shared under any circumstances. Accessing the deal room will require your entry into an NDA.

*Invoiced unit figures are targeted for the end of Q4 2025. See financial model for current PF sales.