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

FedEx has announced a significant expansion of its sustainable delivery fleet by placing an order for 2,000 electric vehicles from Harbinger, an emerging startup specializing in commercial EV platforms. The deal, valued at approximately $300 million, marks the largest order in Harbinger's history and serves as a major validation of the company's technology. This partnership aligns with FedEx’s broader goal of achieving carbon-neutral operations by 2040. For Harbinger, the massive contract comes at a pivotal time, as reports suggest the startup is currently evaluating a potential initial public offering (IPO). By integrating these electric trucks into its logistics network, FedEx aims to reduce its reliance on fossil fuels in the last-mile delivery sector. The collaboration highlights the growing trend of major logistics firms partnering with specialized EV startups to accelerate the electrification of their fleets while meeting ambitious environmental, social, and governance targets.