What's in the deal
Harbinger Motors Inc. will provide 2,000 electric trucks to FedEx Corp. in a purchase worth more than $300 million, tightening the startup's ties with the shipper. The company expects to complete deliveries by the close of 2027. "The whole order is planned for delivery in less than 18 months, it's unprecedented for the industry," said John Harris, Harbinger's co-founder and chief executive officer.
Set for public disclosure later on Wednesday, the agreement builds on their partnership after FedEx co-led Harbinger's Series C round late last year. Kaizen Automotive Group, Harbinger's dealer in Canada, will handle distribution support there.
How FedEx plans to use them
FedEx intends to put the vehicles to work on its U.S. and Canadian pickup-and-delivery routes. Each new unit will take the place of one internal-combustion vehicle, matching totals one-to-one. The company has said it aims to make every parcel delivery vehicle purchase electric by 2030 and currently runs nearly 9,500 electric vehicles globally across on- and off-road categories.
Speaking on behalf of the company, Vinay D'Souza, an SVP who oversees global assets and infrastructure, said, "The transportation industry is undergoing a fundamental transformation, and electrification is set to play a pivotal role in the future of commercial fleets." He added, "This order with Harbinger helps us advance that transition, allowing us to build a more modern, efficient and intelligent fleet."
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Costs, savings and the market backdrop
Harbinger estimates each truck can trim fuel spend by about $20,000 a year versus the diesel it replaces, which would put savings near $40 million annually for 2,000 vehicles. The Southern California company recently completed its 1,000th vehicle, according to Harris. Fuel costs have jumped lately, partly attributed to the war in Iran, and diesel has reached record highs.
Other manufacturers are racing to electrify freight, too. After years of setbacks, Tesla is accelerating both production and rollout of its Semi heavy-duty trucks. Last week, the company marked the start of high-volume output with an event at its Semi plant in Sparks, Nevada, though it has not disclosed a 2026 production number.
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