FedEx has ambitions to electrify its entire pickup and delivery fleet over the next 15 years, and it has selected TechNexus Venture Collaborative portfolio company Harbinger to accelerate its electrification journey.
FedEx announced Thursday it co-led Harbinger’s $160 million Series C round and placed an initial order for 53 Harbinger EVs. The funding round was also led by TechNexus corporate partner THOR Industries, along with Capricorn’s Technology Impact Fund.
Harbinger, which has now raised $358 million to date, has worked closely with THOR and TechNexus to develop vehicles for the RV industry. Together, THOR and Harbinger created the world's first range extended electric Class A motorhome, a revolutionary invention that has received accolades including the Fast Company 2025 World Changing Ideas Award, a TIME Best Invention of 2025 recognition, and RV Business’s 2026 RV of the Year award.
In 2024, Harbinger raised a $73 million Series A round co-led by TechNexus and THOR, and TechNexus has been a close collaboration partner to both parties.
“Harbinger is driving the next generation of medium-duty electric vehicles with a clean-sheet platform designed for optimized fleet performance,” John Harris, Co-Founder and CEO, Harbinger, said. “The level of investor support we’ve received reflects strong belief in the practicality of our platform, and our order from FedEx demonstrates that this vision is already taking shape in the market.”
Other investors in Harbinger’s latest round include Tiger Global, Leitmotif, Maniv Mobility, Schematic Ventures, Overture Climate, Ironspring Ventures, ArcTern Ventures, Litquidity Ventures, and The Coca-Cola System Sustainability Fund, managed by Greycroft.
Harbinger fills a specific need in the market with its medium-duty electric chassis. It has created a truck that handles like a passenger vehicle, while also bringing modern safety and advanced driver assistance to the medium-duty space. Additional Harbinger customers include Bimbo Bakeries and postal service operator Mail Management Services.
FedEx’s investment further exemplifies the demand for Harbinger’s technology as the logistics giant says it hopes to electrify its entire delivery fleet by 2040.
“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,” Paul Melander, FedEx’s Senior Vice President of Safety and Transportation, said. “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.”