Harbinger continues to show no signs of slowing down of scaling up production with the announcement that it's raised an impressive $160 million in a Series C funding round co-led by logistics and shipping giant FedEx.
FedEx also placed an initial order for 53 Harbinger battery-electric medium-duty truck chassis, which the Los Angeles-based startup says will be ready for upfit by year's end.
Last January, Harbinger raised $100 million in Series B funding, co-led by Capricorn's Technology Impact Fund, a $10 billion venture capital partnership. Capricorn, along with RV manufacturer THOR Industries, also co-led this latest funding round.
Previous Harbinger investors, including Tiger Global, Volkswagen-backed venture capital firm Leitmotif, Maniv Mobility, and Schematic Ventures, participated in this latest round as well.
To date, Harbinger has raised $358 million.
[Related: Panasonic is now Harbinger's official battery supplier]
The company's proprietary EV chassis, built entirely in-house in the U.S., integrates all major vehicle systems. This vertical approach, Harbinger claims, cuts costs while outperforming EVs based on traditional diesel and gas platforms.
"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 at 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 Class 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."
Just last month, Harbinger confirmed it's now accepting orders in Canada, and the timing couldn't be better, competition-wise. Also last month, General Motors announced the discontinuation of its BrightDrop EV delivery van—a direct Harbinger rival that's been in FedEx's fleet since 2022.
[Related: GM's electric BrightDrop vans roll out to FedEx]
The light-duty and last-mile EV delivery van market is still expanding, driven by Rivian's Electric Delivery Van (EDV), which has become a key part of Amazon's delivery fleet. Harbinger clearly wants in on the action and it's already sold 206 chassis in just three months, according to its Q3 2025 results.
