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

In Brief

FedEx is ordering 2,000 electrical trucks from EV startup Harbinger successful a woody worthy $300 million. Harbinger, which already has trucks successful production, plans to present each 2,000 by the extremity of adjacent year, the institution told TechCrunch.

It’s the largest bulk bid yet for Harbinger, which was founded successful 2022 by erstwhile employees of Anduril, defunct EV startup Canoo, and Quantumscape. Bloomberg News archetypal reported the caller bid Wednesday morning. FedEx led a $160 cardinal Series C backing circular for Harbinger precocious past year.

Harbinger’s transportation since its inception has been to marque 1 main product: an electrical medium-duty commercialized motortruck chassis. That simplified attack appears to person paid off, arsenic the institution is successful accumulation and generating gross contempt being conscionable a fewer years old. It has already delivered 53 trucks to FedEx arsenic portion of an bid that the shipping elephantine placed alongside past year’s fundraise.

That said, Harbinger has started to look astatine different imaginable gross lines. The institution is getting into hybrid exigency vehicles, acquired an autonomous driving institution successful February, and is selling the artillery packs it developed arsenic energy storage. The institution is besides getting into defense usage cases. All this comes arsenic Axios reported successful May that the institution is considering an IPO.

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