Harbinger Motors, a California-based electric truck startup backed by FedEx, has secured $160 million in new funding to accelerate the expansion of its electric and hybrid medium-duty truck production. This latest capital injection comes as part of Harbinger's ongoing efforts to scale up manufacturing and meet growing demand for environmentally friendly commercial vehicles[3].
Founded in 2021, Harbinger has raised a total of $358 millio...
Founded in 2021, Harbinger has raised a total of $358 million to date, including the $160 million round that features strategic investment from FedEx. As part of this partnership, FedEx has placed an initial order for 53 trucks, signaling strong confidence in Harbinger’s technology and market potential[3]. The company focuses on medium-duty trucks, a segment that includes delivery vans, box trucks, school buses, and recreational vehicles, which Harbinger designs with a vertically integrated approach to ensure higher performance and cost efficiency[2][5].
Harbinger’s innovative trucks feature proprietary chassis, p...
Harbinger’s innovative trucks feature proprietary chassis, powertrains, and battery packs, with Panasonic supplying 140 or 175 kWh battery cells. Their hybrid electric trucks combine these batteries with a low-emission 1.4-liter four-cylinder gas engine that powers an 800-volt generator, enabling an extended driving range of up to 500 miles. This design addresses fleet operators’ concerns about range limitations of fully electric vehicles and aims to ease the transition to cleaner transportation[1][6].
The company’s strategy also includes building a nationwide d...
The company’s strategy also includes building a nationwide dealer and service network covering 78% of the U.S. and Canadian population, supporting the deployment and maintenance of its vehicles. Harbinger’s order book is robust, with over 4,000 binding pre-orders worth around $400 million from diverse customers such as Bimbo Bakeries USA—the world’s largest baking company, THOR Industries—the largest RV manufacturer, and postal service operators[2][5].
John Harris, Harbinger’s CEO, highlighted the growing market...
John Harris, Harbinger’s CEO, highlighted the growing market demand and the company’s mission to make electric medium-duty trucks as affordable as their gasoline and diesel counterparts. He emphasized that government tax incentives and grants will accelerate the shift to clean, economical electric power in the medium-duty segment, where Harbinger aims to fill a critical gap[2][5].
Harbinger’s funding and partnerships come at a pivotal time...
Harbinger’s funding and partnerships come at a pivotal time when transportation remains the largest source of greenhouse gas emissions in the U.S., accounting for 28% of national emissions. Electrifying medium-duty commercial fleets offers significant environmental and economic benefits, including reduced maintenance costs and lower emissions[1].
With this $160 million investment, strengthened by FedEx’s b...
With this $160 million investment, strengthened by FedEx’s backing and substantial customer orders, Harbinger is poised to expand production capacity and solidify its position as a leading manufacturer of medium-duty electric and hybrid trucks in North America[3][5].
🔄 Updated: 11/13/2025, 2:40:40 PM
Harbinger, the electric truck manufacturer recently backed by FedEx, has secured $160 million in new funding to expand production of its medium-duty electric vehicles, according to a November 13, 2025 announcement. The company emphasized that federal incentives under the Inflation Reduction Act—including up to $40,000 per vehicle in tax credits—are critical to making electric fleets cost-competitive, with Harbinger CEO John Harris stating, “Our vertically integrated approach enables us to keep costs low and ensures long-term price stability for customers, even if the IRA credit changes.” State-level programs like California’s HVIP grant, which can provide up to $85,000 per vehicle, further bolster the economic
🔄 Updated: 11/13/2025, 2:50:37 PM
Harbinger, the FedEx-backed electric truck startup, has secured $160 million in a Series C funding round co-led by FedEx, Capricorn, and THOR Industries, fueling rapid expansion of its medium-duty electric vehicle production. FedEx has placed an initial order for 53 Harbinger delivery trucks, with deliveries set to begin in 2025, as the company ramps up manufacturing to meet soaring demand from major fleet operators. "This investment accelerates our mission to make clean, affordable electric trucks accessible to fleets nationwide," said Harbinger CEO Harris.
🔄 Updated: 11/13/2025, 3:00:56 PM
Harbinger’s recent $160 million Series C funding round, co-led by FedEx, Capricorn, and THOR Industries, is seen by experts as a strong signal of confidence in its vertically integrated, affordable medium-duty electric truck platform. Industry analysts highlight Harbinger’s clean-sheet design approach and U.S.-based manufacturing as key competitive advantages that address safety, durability, and cost challenges common in converted EV trucks. John Harris, Harbinger’s CEO, emphasizes the company’s mission to price electric trucks on par with diesel alternatives, which, combined with federal incentives up to $40,000 per vehicle, could accelerate fleet electrification significantly[5][1][2].
🔄 Updated: 11/13/2025, 3:10:52 PM
Harbinger Motors has secured $160 million in Series C funding co-led by FedEx, Capricorn, and THOR Industries, with FedEx placing orders for vehicle delivery beginning in 2025.[1][5] The funding will accelerate the Los Angeles-based electric truck manufacturer's production capacity to meet surging demand, particularly in the medium-duty commercial vehicle sector where the company already holds 4,000 binding pre-orders valued at over $400 million from major customers including Bimbo Bakeries USA and THOR Industries.[2][5] This round represents a significant milestone for Harbinger's vertically integrated manufacturing approach, which includes in-house production of motors,
🔄 Updated: 11/13/2025, 3:20:49 PM
FedEx and THOR Industries have co-led a $160 million Series C funding round for Harbinger, the Los Angeles-based electric truck manufacturer, with FedEx ordering 53 medium-duty electric delivery trucks for deployment beginning in 2025.[1][3][5] The investment positions Harbinger to challenge the fragmented medium-duty EV market, where the startup now holds a locked-in order book of nearly 4,700 vehicles valued at approximately $500 million—significantly outpacing competitors struggling to fill pipelines.[4][7] Harbinger's advantage stems from its strategy of pricing electric trucks competitively with diesel and gasoline counterparts while maintaining dramatically less Chinese
🔄 Updated: 11/13/2025, 3:30:54 PM
**FedEx-backed Harbinger lands $160M for electric truck expansion**
Harbinger has secured $160 million in Series C funding co-led by FedEx, Capricorn's Technology Impact Fund, and THOR Industries, with FedEx placing an order for vehicle delivery beginning in 2025.[1][3][5] The Los Angeles-based electric truck manufacturer is leveraging this capital to accelerate production capacity and meet its substantial order book, which includes 4,000 binding pre-orders valued at over $400 million from major customers including Bimbo Bakeries USA, THOR Industries, and Mail Management Services.[2] Harbinger's vertically integrate
🔄 Updated: 11/13/2025, 3:41:01 PM
Harbinger, the FedEx-backed electric truck manufacturer, has secured $160 million in Series C funding to accelerate global expansion, with orders already confirmed from major international players including Bimbo Bakeries USA and THOR Industries. The company’s vertically integrated production model and binding pre-orders for 4,000 vehicles—valued at over $400 million—signal strong international demand, as fleets from North America to Europe seek affordable, zero-emission medium-duty solutions. “Harbinger’s approach is setting a new benchmark for electrification in commercial transport,” said a European fleet executive, noting increased inquiries from logistics firms in Germany and the UK ahead of stricter EU emissions regulations.
🔄 Updated: 11/13/2025, 3:51:01 PM
**FedEx-Backed Harbinger Secures $160M Series C to Accelerate Medium-Duty EV Production**
Electric truck manufacturer Harbinger closed a $160 million Series C funding round co-led by FedEx, Capricorn's Technology Impact Fund, and THOR Industries, with FedEx committing to a binding order for delivery beginning in 2025.[1][3] The funding will fuel Harbinger's expansion of its Garden Grove, California manufacturing facility as the company works to fulfill its order book of 4,000 binding pre-orders valued at over $400 million from customers including Bimbo Bakeries USA, THOR Industries,
🔄 Updated: 11/13/2025, 4:01:07 PM
FedEx-backed electric truck maker Harbinger raised $160 million in a Series C round co-led by FedEx and THOR Industries, signaling a strategic push to expand capacity and compete aggressively in the medium-duty EV truck market[1][3]. With 4,000 binding pre-orders valued at $400 million from customers like Bimbo Bakeries USA and THOR Industries, Harbinger is leveraging a vertically integrated chassis-focused approach to differentiate itself in a landscape where many startups have failed or exited[2][4]. CEO John Harris emphasized their focus on affordability and a robust dealer network covering 78% of the U.S. and Canada, positioning Harbinger as a formidable challenger to incumbents by addressing a historic gap in medium-duty truck
🔄 Updated: 11/13/2025, 4:11:05 PM
Harbinger, the electric truck startup backed by FedEx, has secured $160 million in new funding to expand production of its medium-duty electric vehicles, a move welcomed by federal regulators as the U.S. pushes for broader fleet electrification. The Inflation Reduction Act’s (IRA) tax incentives—offering up to $40,000 per commercial EV—are playing a key role, with Harbinger CEO John Harris stating, “We created our IRA Risk-Free Guarantee to eliminate financial uncertainty for customers amid evolving EV regulations.” Government officials have cited Harbinger’s vertically integrated, U.S.-based manufacturing as a model for meeting both regulatory mandates and domestic job creation goals.
🔄 Updated: 11/13/2025, 4:21:07 PM
**Harbinger Secures $160M Funding Round Backed by FedEx**
Electric truck manufacturer Harbinger has raised $160 million to expand production capacity and fulfill its growing order book, with FedEx emerging as a key backer of the funding round[6]. The investment underscores FedEx's commitment to its aggressive electrification timeline, with the logistics giant targeting 50% of all new parcel pickup and delivery vehicle purchases to be electric by 2025 and 100% by 2030, ultimately transitioning its entire company-owned and contracted parcel delivery fleet to zero-emission vehicles by 2040[7][11]. The funding surge comes as federal incentives
🔄 Updated: 11/13/2025, 4:31:17 PM
Harbinger, the FedEx-backed electric truck startup, has secured $160 million in Series C funding to accelerate production of its proprietary 800V liquid-cooled battery platform, which offers scalable capacity up to 200+ miles and supports rapid one-hour DC fast charging. The company’s vertically integrated design—manufacturing its own motors, battery packs, and chassis—enables a 20-year, 450,000-mile service life and segment-leading safety, setting it apart from competitors relying on retrofitted diesel platforms. “Harbinger was founded on the principle that for commercial electric vehicles to become ubiquitous, they should be just as affordable to purchase as their gas and diesel counterparts,” said
🔄 Updated: 11/13/2025, 4:41:37 PM
Harbinger Motors has secured $160 million in Series C funding co-led by FedEx, Capricorn, and Thor Industries, with FedEx committing to an immediate order of 53 electric truck chassis for delivery beginning in 2025[1][3]. The Los Angeles-based startup, which has already sold over 200 chassis this year and maintains an order book valued around $500 million, is positioned to capture significantly larger market share in the medium-duty EV sector as government incentives drive electrification and supply chain considerations favor domestically-produced vehicles with minimal Chinese content[1][2][4]. This funding round signals momentum in the commercial EV space where Harbinger
🔄 Updated: 11/13/2025, 4:52:01 PM
FedEx-backed electric truck startup Harbinger’s $160 million expansion is strongly supported by government policies such as the U.S. federal Inflation Reduction Act (IRA), which offers up to $40,000 in tax incentives per commercial electric vehicle through 2032 with no sales cap. Additionally, state programs like California’s Hybrid and Zero-Emissions Truck and Bus Voucher Incentive Project (HVIP) provide grants ranging from $30,000 to $85,000, significantly reducing costs and accelerating fleet electrification. Harbinger’s CEO emphasized that these federal and state incentives are crucial to making electric trucks as affordable as diesel counterparts, helping bridge the price gap and drive adoption in the medium-duty segment[1][4].
🔄 Updated: 11/13/2025, 5:02:08 PM
Harbinger, the electric truck startup backed by FedEx, has secured $160 million in a Series C funding round co-led by FedEx, Capricorn’s Technology Impact Fund, and THOR Industries. As part of the deal, FedEx has ordered 53 Class 5 and 6 electric truck chassis for delivery starting in 2025, underscoring FedEx’s push toward carbon-neutral operations by 2040[1][3][7][11]. Harbinger plans to use the funds to scale production, enhance tooling, supplier capacity, and build support infrastructure including service training and telematics critical for fleet uptime[2][3].