FedEx Orders 2,000 Electric Trucks from Harbinger in $300 Million Deal
Quick Look
- FedEx has placed a $300 million order for 2,000 electric trucks from EV startup Harbinger, with delivery expected by the end of next year.
- This is Harbinger's largest bulk order to date, following its earlier delivery of 53 trucks to FedEx and a $160 million Series C funding round led by the shipping company last year.
AI-generated summary
Why It Matters
Harbinger was founded in 2022 by former employees of Anduril, Canoo, and QuantumScape. It focuses on producing electric medium-duty commercial truck chassis. FedEx previously invested $160 million in Harbinger's Series C round and has already received 53 trucks from an earlier order.
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.
What to Watch
AI outlook — possibilities, not facts
Harbinger will scale up production to meet the 2,000-truck order deadline by the end of next year.
Likely · Within months
FedEx may place additional orders for electric trucks from Harbinger if the initial batch performs well.
Possible · Within months
Open Questions
- What is the exact model or specifications of the electric trucks being ordered?
- Will this order include any service or maintenance agreements?
- How will this order impact Harbinger's production capacity and supply chain?
