FedEx has placed a substantial order for 2,000 electric trucks with startup Harbinger, in a deal valued at $300 million. Harbinger, which was founded in 2022 by veterans from companies including Anduril, Canoo, and QuantumScape, has already begun producing these medium-duty commercial electric truck chassis. The company aims to deliver the entire fleet to FedEx by the end of 2027, marking Harbinger’s largest order to date and underscoring the growing demand for electric commercial vehicles.

This order follows FedEx’s prior commitment to Harbinger, which included a $160 million investment in a Series C funding round last year. Since then, Harbinger has delivered 53 trucks to FedEx and begun generating revenue. The company’s focused approach on one core product—a versatile electric truck chassis—has helped it move quickly from startup to production, positioning it as a rising player in the EV delivery market.

Beyond electric trucks, Harbinger is expanding its business lines. It is venturing into hybrid emergency vehicles and has acquired an autonomous driving firm, Phantom AI, earlier this year. The startup is also commercializing its battery technology not only for vehicles but as energy storage solutions. Additionally, it is exploring defense applications for its electric and autonomous vehicles, reflecting a diversification strategy that broadens its market potential.

Harbinger’s growth and increased visibility come amid rumors that it is considering an initial public offering, as reported earlier this year. This major FedEx order validates the company’s technology and business model, positioning it for future expansion in the electrification of commercial transportation while potentially boosting its valuation in the public markets. The coming year will be pivotal for Harbinger as it scales production and explores new revenue streams.