THOR Industries (NYSE: THO) is the world's largest manufacturer of recreational vehicles. While primarily an operating company, it also makes strategic corporate venture investments in electrification and mobility startups, co-leading rounds for companies such as Harbinger Motors and Lightship RV alongside its investment partner TechNexus Venture Collaborative.
50% of their portfolio is in Mobility & Transportation. Deal activity decreased year-over-year (2 deals in the last 12 months vs 3 prior). Their most common stage is series-b (50% of deals). Average disclosed round size is $109.2M (across 8 rounds with reported amounts).
Portfolio
4
Fund Size
—
Top Stage
Series B
Last 12 Mo
2
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
8 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Harbinger Motors | Series C | $160M | Nov 2025 |
 Harbinger Industries | Series C | $160M | Nov 2025 |
| Harbinger Motors | Series B | $100M | Jan 2025 |
| Harbinger Industries | Series B | $100M | Jan 2025 |
| HHarbinger | Series B | $100M | Jan 2025 |
 Lightship | Series B | $34M | Jan 2024 |
| Harbinger Motors | Series A | $60M | Sep 2023 |
| HHarbinger | Series C | $160M | — |
Top Co-Investors
Tiger Global Management, LLC5 shared
Leitmotif5 shared
Ridgeline Partners4 shared
TechNexus Venture Collaborative4 shared
Ironspring Ventures4 shared
ArcTern Ventures4 shared
Silent Ventures3 shared
Maniv3 shared
Schematic Ventures3 shared
Capricorn Investment Group3 shared
FedEx3 shared
Litquidity Ventures2 shared
Overture VC1 shared
Greycroft1 shared
Riverstone Holdings1 shared
Squarepoint Capital1 shared
Sequoia Capital1 shared
Alumni Ventures1 shared
Obvious Ventures1 shared
Last updated: 7 October 2026