Harbinger Motors | Newsroom | Kalyani Powertrain Limited and Harbinger Motors Inc. Announce Joint Venture to Develop Electrified Drivetrains for the Commercial Trucking Industry

Kalyani Powertrain Limited and Harbinger Motors Inc. Announce Joint Venture to Develop Electrified Drivetrains for the Commercial Trucking Industry

Kalyani Powertrain Limited and Harbinger Motors Inc. Announce Joint Venture to Develop Electrified Drivetrains for the Commercial Trucking Industry

Harbinger Motors | Newsroom | Kalyani Powertrain Limited and Harbinger Motors Inc. Announce Joint Venture to Develop Electrified Drivetrains for the Commercial Trucking Industry

Press Release
September 13, 2022

Commitments from THOR Industries, Ridgeline, Greycroft and Tiger Global among other new and continuing investors underscore demand for innovative electrified mobility solutions.

  • Partners commit to transforming medium-duty commercial and specialty vehicles through Harbinger’s electrified chassis, powertrains and battery technologies
  • Leading global RV manufacturer THOR Industries and its investment partner TechNexus Venture Collaborative amplify their partnership with Harbinger through a co-led investment that accelerates the development of electrified RVs
  • The Coca-Cola System Sustainability Fund, managed by Greycroft, joins Series A round in addition to new investors Riverstone Holdings and Squarepoint Capital, among others
  • Acequia Capital’s investment comes from the firm’s newly dedicated strategy for reindustrialization, partnering with New Industrial companies at the nexus of decarbonization and capital efficiency as they reinvent the global industrial base
  • Returning investors include Ridgeline, Tiger Global, Maniv Mobility, Kalyani Mobility, Ironspring Ventures, Overture and Silent Capital

LOS ANGELES, CA and PUNE, India (September 13, 2022) – Kalyani Powertrain Limited (KPTL), a wholly owned subsidiary of Bharat Forge Ltd. and a leading global supplier of critical chassis and powertrain components, joins hands with Harbinger Motors Inc. (Harbinger), a company revolutionizing the medium-duty commercial electric vehicle industry, to form a joint venture focused on developing electric drivetrain solutions for the commercial vehicle market.

The new JV, named ElectroForge, will leverage the strengths of both the partners to offer best-in-class drivetrains developed for the Class 3 through 8 markets, delivering superior efficiency and cost competency. The partnership will perfectly balance the forward-thinking innovation of Harbinger’s experienced EV team and the vast manufacturing knowledge and scalability of Bharat Forge.

Full article here – https://www.prnewswire.com/news-releases/kalyani-powertrain-limited-and-harbinger-motors-inc-announce-joint-venture-to-develop-electrified-drivetrains-for-the-commercial-trucking-industry-301622702.html


About Harbinger

Harbinger is an American commercial electric vehicle (EV) company on a mission to transform an industry starving for innovation. Harbinger’s best-in-class team of EV, battery, and drivetrain experts have pooled their deep experience to support the growing demand for medium-duty EVs. Leveraging a foundation of proprietary, in-house developed vehicle technologies designed specifically for commercial and specialty vehicles, Harbinger is bringing a first-of-its-kind EV platform to market, priced at acquisition parity to traditional gasoline and diesel vehicles. Harbinger: Familiar Form, Revolutionary Foundation.

To learn more about Harbinger, please visit www.harbingermotors.com. You can find the company press kit HERE.


Harbinger Media Contact

Stacy Morris
Futurista Communications
310-415-9188
stacy.morris@futuristacommunications.com

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