FedEx is making one of its biggest commitments yet to electric vehicles (EVs), ordering 2,000 medium-duty electric trucks from Harbinger Motors in a deal valued at more than $300 million.
The vehicles are scheduled for delivery by the end of 2027 and will be deployed in parcel operations across the U.S. and Canada. Harbinger described the order as one of the largest binding orders for electric medium- or heavy-duty trucks to date.
The deal marks a major expansion of the companies’ relationship. FedEx co-led a $160 million Series C funding round for Harbinger in November 2025, alongside Capricorn Investment Group and Thor Industries, and placed an initial order for 53 Class 5 and Class 6 electric vehicles. FedEx subsequently added 20 more trucks, bringing its initial commitment to 73 vehicles.
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Now, less than a year after helping finance Harbinger’s growth, FedEx is committing to hundreds more of the startup’s trucks as elevated diesel prices bolster the economic case for fleet electrification. The order also comes at a potentially pivotal moment for Harbinger, which is considering an IPO, according to a May report from Axios.
FedEx’s investment was partly intended to help Harbinger develop medium-duty electric trucks suited to the carrier’s network. At the time, FedEx said it was seeking vehicles that could combine performance, price and operational resilience as it worked toward its goal of eventually electrifying its pickup-and- delivery fleet.
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