FedEx Orders 2,000 Electric Trucks From Harbinger in $300M Deal
FedEx is buying 2,000 electric trucks from startup Harbinger for $300 million, with all deliveries planned by the end of next year.
FedEx has placed an order for 2,000 electric trucks from Harbinger, a deal worth $300 million, according to techcrunch.com. The delivery timeline calls for all 2,000 trucks to be handed over by the end of next year.
The order marks a major scale-up for Harbinger, a young electric vehicle maker that has so far delivered only a small number of trucks to the logistics giant. FedEx previously received 53 trucks as part of an earlier order placed alongside a funding round last year.
Harbinger was founded in 2022 by former employees of Anduril, Canoo, and Quantumscape. FedEx led a $160 million Series C funding round for the company late last year, deepening ties between the two firms.
The startup has also been expanding its technical footprint. In February, Harbinger acquired an autonomous driving company, and Axios reported in May that the company is considering an IPO.
Neither company disclosed further financial terms or a delivery schedule beyond the end-of-next-year target.
Quick answers
How many electric trucks is FedEx ordering from Harbinger?
FedEx is ordering 2,000 electric trucks from Harbinger.
How much is the FedEx-Harbinger deal worth?
The deal is worth $300 million.
When will Harbinger deliver the trucks?
Harbinger plans to deliver all 2,000 trucks by the end of next year.