FedEx orders 2,000 electric trucks from Harbinger in $300M deal
FedEx has placed a $300 million order for 2,000 electric medium-duty trucks from the EV startup Harbinger. This deal marks a significant milestone for the young company, which is already in production and generating revenue.
Why it matters
The order signals a major corporate commitment to fleet electrification and validates the business model of specialized EV chassis manufacturers.
FedEx is ordering 2,000 electric trucks from EV startup Harbinger in a deal worth $300 million. Harbinger, which already has trucks in production, plans to deliver all 2,000 by the end of next year, the company told TechCrunch.
It’s the largest bulk order yet for Harbinger, which was founded in 2022 by former employees of Anduril, defunct EV startup Canoo, and Quantumscape. Bloomberg News first reported the new order Wednesday morning. FedEx led a $160 million Series C funding round for Harbinger late last year.
Harbinger’s pitch since its inception has been to make one main product: an electric medium-duty commercial truck chassis. That simplified approach appears to have paid off, as the company is in production and generating revenue despite being just a few years old. It has already delivered 53 trucks to FedEx as part of an order that the shipping giant placed alongside last year’s fundraise.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in