Harbinger has raised $160 million, including a vote of confidence from FedEx, which co-led the raise and ordered and placed an order for 53 electric trucks.
FedEx’s order includes a mix of Classes 5 and 6 trucks, according to a news release.
“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,” Dipender Saluja, managing partner of Capricorn Investment Group’s Technology Impact Fund said in the release.
“Over the last two decades, medium-duty truck fleets have generally deployed small volumes of demonstration electric trucks. The industry is now ready to move to mass adoption, with Harbinger leading that scale up.”
Harbinger claims its vertically integrated manufacturing approach reduces costs and improves performance.
“Any vehicle that holds up to our rigorous on-road testing and offers state-of-the-art safety features with lower total cost of ownership is win-win for drivers and for our business,” said Paul Melander, senior vice president of safety and transportation, FedEx.
“As we work toward a goal to electrify the entire FedEx pickup and delivery fleet by 2040, this trifecta of performance, price, and operational resilience is what we need to be able to continue to scale. We look forward to bringing these Classes 5 and 6 units into our fleet and seeing electric medium-duty trucking options — like what Harbinger is offering — become more accessible in the marketplace for commercial fleets of all sizes.”
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