FedEx orders 2,000 Harbinger electric trucks in $300M deal

FedEx is ordering 2,000 electric trucks from EV startup Harbinger in a deal worth $300 million. Harbinger told TechCrunch it plans to deliver all 2,000 trucks by the end of next year. The order is Harbinger’s largest bulk order to date.

Harbinger’s core pitch has been focused: build an electric medium-duty commercial truck chassis. The company already has trucks in production and is generating revenue, according to TechCrunch. It has also delivered 53 trucks to FedEx as part of a previous order tied to last year’s fundraise.

FedEx led Harbinger’s $160 million Series C funding round late last year. The new order deepens that relationship and gives Harbinger a larger commercial deployment target. For fleet operators, the takeaway is that medium-duty electric trucks are moving beyond pilots when manufacturers can show production capacity.

Harbinger has been exploring revenue lines beyond its main chassis product, including hybrid emergency vehicles, battery packs for energy storage, autonomous driving technology through an acquisition, and defense use cases. The company is also reportedly considering an IPO, according to reporting cited by TechCrunch. The key question now is execution: whether Harbinger can deliver the full FedEx order on its stated timeline.