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

FedEx has placed a $300 million order for 2,000 electric trucks from startup Harbinger, aiming for delivery by the end of next year. Harbinger, founded in 2022, specializes in electric medium-duty commercial truck chassis and has already delivered 53 trucks to FedEx. The deal marks Harbinger's largest bulk order and follows FedEx's $160 million investment in the company last year. Harbinger is expanding into hybrid emergency vehicles, autonomous driving, battery energy storage, and defense, and is reportedly considering an IPO.

FedEx trades at USD 286.12 on Pluang as of Sep 30, 2026 22:41 WIB, down 0.47% for the day. The company’s market cap stands at $68.04 billion with a dividend yield of 1.7%. This large electric truck order from Harbinger highlights FedEx’s ongoing investments in innovation, even as Pluang users show a strong 88% sell interest in the stock currently.