FedEx Orders 2,000 Electric Trucks from Harbinger for $300 Million
FedEx has placed a major order of 2,000 electric trucks with EV startup Harbinger in a deal valued at $300 million. The delivery is expected to be completed by the end of next year and marks the largest bulk purchase from Harbinger so far. Founded in 2022 by former employees of Anduril, Canoo, and Quantumscape, Harbinger has already begun production on its electric medium-duty truck chassis and delivered 53 units to FedEx as part of an earlier order placed alongside a $160 million Series C funding round led by FedEx last year. Beyond the core product line, Harbinger is expanding into hybrid emergency vehicles, defense applications, autonomous driving technology via acquisition, and energy storage solutions using its battery packs. The company has also reportedly been considering an initial public offering (IPO), as previously reported in May 2026 by Axios.
Tickers: $FDX
Topics: Electric Vehicles Transportation