FedEx has placed its first order with Harbinger for 53 medium-duty electric vehicles (EVs).
The initial order is for a mix of Class 5 and Class 6 EVs, reflecting FedEx’s need for larger capacity pickup and delivery vehicles.
Harbinger expects to deliver chassis ready for upfit by the end of 2025.
The news comes as Harbinger revealed it has raised US$160 million (£122m) in its latest funding round. This takes the total raised to date to US$358m.
The Series C round was co-led by FedEx, Capricorn Investment Group’s Technology Impact fund and THOR Industries. Participating investors also included Ridgeline, Tiger Global Leitmotif (a US venture capital firm backed by Volkswagen), and the Greycroft-managed Coca-Cola System Sustainability Fund.
“FedEx’s participation signals a demand for innovation in the medium-duty truck sector and for an electric model that helps advance business and sustainability goals at the same time,” commented Dipender Saluja, managing partner of Capricorn Investment Group’s Technology Impact Fund.
Over the past two decades, medium-duty truck fleets have generally deployed small volumes of demonstration electric trucks, he added, noting that the industry is “now ready to move to mass adoption.”
Senior vice president of safety and transportation at FedEx, Paul Melander, explained that “performance, price, and operational resilience” will be key as FedEx works to electrify its entire delivery fleet by 2040.
“We look forward to bringing these Class 5 and 6 units into our fleet and seeing electric medium-duty trucking options…become more accessible in the marketplace for commercial fleets of all sizes,” Melander added.
Reportedly, Harbinger intends to keep core manufacturing activities in the US.
Today, almost half (43%) of Class 4 to Class 8 trucks sold on the US market are imports. However, new tariffs on medium- and heavy-duty vehicles, effective from 1 November 2025, aim to shift the dynamic.
