FedEx orders 2,000 electric trucks from Harbinger in $300M deal
The order -- Harbinger's biggest ever -- comes as the startup is reportedly considering an IPO.
FedEx has placed a massive $300 million order for 2,000 electric trucks from EV startup Harbinger. Harbinger, founded in 2022 by former employees of various EV companies, plans to deliver all 2,000 trucks by the end of next year. This is the largest single order the company has received to date. FedEx led a $160 million Series C funding round for Harbinger in the previous year.
Harbinger's strategy focuses on producing a single main product: an electric medium-duty commercial truck chassis. Despite being a relatively new company, Harbinger has already delivered 53 trucks to FedEx as part of an earlier order placed during their own fundraise. The company is now exploring additional revenue streams, including hybrid emergency vehicles, autonomous driving technology, battery pack sales for energy storage, and even potential defense applications. Axios reported in May that Harbinger is considering an IPO.
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