Automotive and industrial manufacturer Harbinger announced it received an order for 2,000 all-electric trucks from FedEx, with a total order value that exceeds $300 million. The deal includes a mix of models from the company's all-electric vehicle lineup and will serve as one-for-one replacements for conventional vehicles.
Harbinger expects to deliver the vehicles by the end of 2027 for deployment across FedEx pickup and delivery operations in the U.S. and Canada. The company's Canadian dealer, Kaizen Automotive Group, will support the Canadian portion of the deployment.
The order builds upon a previous deployment of Harbinger vehicles within the FedEx network and FedEx's co-lead investment in the company's $160 million Series C equity raise.
"The transportation industry is undergoing a fundamental transformation, and electrification is set to play a pivotal role in the future of commercial fleets," FedEx Senior Vice President of Global Assets and Infrastructure Vinay D'Souza said. "This order with Harbinger helps us advance that transition, allowing us to build a more modern, efficient and intelligent fleet that meets the evolving needs of our customers, our team members and our global operations."
Harbinger estimates that each of its electric trucks could reduce fuel costs by an average of $20,000 annually, compared with the conventional diesel vehicle it replaces. The company designed and engineered the vehicles for a service life of 20 years, to match the typical life of class 5 and 6 medium duty trucks. As a result, Harbinger projects that 2,000 vehicles, deployed into a single fleet operating in North America, can generate approximately $40 million in annual fuel savings, or $800 million over a typical 20-year vehicle life.
Additionally, based on current published data from the Department of Energy, Harbinger anticipates that replacing 2,000 diesel trucks with its electric trucks would avoid more than 1.7 million tons of CO2 emissions over their operating lives.
Other vehicle features include advanced driver assistance technology and a 42-foot turning diameter.
